•      The Commonwealth will grant an airport lease to a company. The company is called an airport‑lessee company .

•      Immediately after the grant of the airport lease, the Commonwealth may transfer or lease certain assets to the airport‑lessee company.

•      The Commonwealth may transfer certain contracts and liabilities to the airport‑lessee company.

•      Airport leases are granted subject to existing leases and other interests.

•      The existence of this Act may be noted on title registers.

•      The Lands Acquisition Act 1989 does not apply to anything done under this Part.