Commonwealth Consolidated Acts

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AIRPORTS ACT 1996 - SECT 27

Beneficial interest in airport lease must not be transferred independently of legal interest

             (1)  A beneficial interest in an airport lease must not be transferred independently of the legal interest in the lease.

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

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


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