Commonwealth Consolidated Acts

AIRPORTS (TRANSITIONAL) ACT 1996 - SECT 22

             (1)  The Commonwealth may grant an airport lease under this section.

             (2)  The Commonwealth must not grant an airport lease under this section unless the lessee is a company none of whose shares are beneficially owned by the Commonwealth.

             (3)  If a purported lease contravenes subsection (2), it is of no effect.

Note:          In addition to the requirements of subsection (2), a grant must comply with the rules in Part 2 of the Airports Act 1996 .