•      Airport leases are subject to the following key rules:

               (a)     the lessee must be a company;

               (b)     the term of the lease must not be longer than 50 years (with or without an option to renew for up to 49 years);

               (c)     the lease must provide for access by interstate and/or international air transport;

               (d)     a company can only lease one airport.

•      The airport‑lessee companies for Sydney (Kingsford‑Smith) Airport and Sydney West Airport must be wholly‑owned subsidiaries of the same holding company.

•      Airport leases can only be transferred with the Minister's approval.

•      The beneficial and legal interests in an airport lease cannot be separated except in the case of the enforcement of a loan security.

•      If a lender acquires a lease, or enters into possession of an airport site, by way of the enforcement of a loan security, the lender must:

               (a)     notify the Minister; and

               (b)     transfer the lease to another company.

•      An airport‑lessee company has a statutory obligation to use the airport site as an airport.

•      An airport‑lessee company's sole business will be to run the airport.

•      An airport‑lessee company can contract out the management of the airport to another company. The other company is called an airport‑management company . An airport‑management company must be approved by the Minister.

•      The regulations may prohibit certain subleases and licences relating to airport sites .

•      The regulations may deal with the terms of subleases and licences relating to airport sites.

•      The regulations may provide that the beneficial and legal interests in subleases and licences relating to airport sites cannot be separated except in the case of the enforcement of a loan security.