Commonwealth Consolidated Acts

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AIRPORTS ACT 1996 - SECT 23

Restriction on acquisition of airport lease

             (1)  A person must not acquire an airport lease, or an interest in an airport lease, unless:

                     (a)  the person is a qualified company; or

                     (b)  the acquisition is by way of the enforcement of a loan security and the person is a constitutional corporation.

             (2)  If a purported acquisition contravenes this section, it is of no effect.



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