Commonwealth Consolidated Acts

AIRPORTS (TRANSITIONAL) ACT 1996 - SECT 76

  (1)   This section applies if the FAC's obligations under a borrowing transaction are taken over under section   73 or 74.

  (2)   The FAC must pay the Commonwealth an amount determined in writing by the Finance Minister .

  (3)   If the FAC pays the Commonwealth an amount under subsection   ( 2), the Commonwealth must pay the FAC an amount equal to that amount.

  (4)   The amount payable under subsection   ( 2) may be set - off against the amount payable under subsection   ( 3).

  (5)   The amount payable under subsection   ( 3) is payable by way of the provision of capital.