Commonwealth Consolidated Acts

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AIRPORTS ACT 1996 - SECT 24

No transfer of airport lease without approval of Minister

             (1)  An airport lease must not be transferred without the written approval of the Minister.

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

             (3)  The Minister may only refuse to approve the transfer of an airport lease:

                     (a)  on a ground specified in the regulations; or

                     (b)  on the grounds set out in subsection 14(3); or

                     (c)  the grounds set out in subsection 16(2); or

                     (d)  on the grounds set out in subsection 18(3) or (4); or

                    (da)  on the grounds set out in subsection 19(1A); or

                     (e)  on the grounds set out in section 25.

             (4)  This section does not apply to a transfer by way of the enforcement of a loan security.



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