Commonwealth Consolidated Acts

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AIRPORTS (TRANSITIONAL) ACT 1996 - SECT 38

Capital for the FAC following disposal of shares

  (1)   This section applies if:

  (a)   the Commonwealth disposes of all its shares in an airport - lessee company that was granted an airport lease under section   21; and

  (b)   the Finance Minister determines in writing that the FAC should be paid a specified amount of capital.

  (2)   The Finance Minister may authorise the payment by the Commonwealth to the FAC of the specified amount.

 


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