Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies to:
(a) an airport - lessee company that was granted an airport lease under section 21; or
(b) an airport - lessee company that was granted an airport lease under section 22, where, at any time before the grant of the lease, a majority of the voting shares in the company were held by:
(i) the Commonwealth; or
(ii) a nominee of the Commonwealth.
(2) If, in the opinion of the Finance Minister , a particular time is the first time after the commencement of this section on which a majority of the voting shares in the company are or were acquired by a person, or persons, other than:
(a) the Commonwealth; or
(b) a nominee of the Commonwealth;
the Finance Minister must, by notice in the Gazette , declare the time to be the sale time for the company.
(3) The declaration has effect accordingly.
(4) The notice must be published within 21 days after the time concerned.