Commonwealth Consolidated Acts

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AIRPORTS (TRANSITIONAL) ACT 1996 - SECT 43

Capital for the FAC after consideration becomes payable

  (1)   This section applies if:

  (a)   an airport - lessee company pays, or is liable to pay, to the Commonwealth an amount of consideration for:

  (i)   the grant of the airport lease; and

  (ii)   the transfer or lease of any assets under section   23 or 24; and

  (iii)   the transfer of any assets under section   30 or 31; 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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