AIRPORTS (TRANSITIONAL) ACT 1996 - SECT 43 Capital for the FAC after consideration becomes payable

Commonwealth Consolidated Acts

Capital for the FAC after consideration becomes payable

(1) This section applies if:

(a) an airport‑lessee company pays, or is liable to pay, to the Commonwealth an amount of consideration for:

(i) the grant of the airport lease; and

(ii) the transfer or lease of any assets under section 23 or 24; and

(iii) the transfer of any assets under section 30 or 31; and

(b) the Minister for Finance determines in writing that the FAC should be paid a specified amount of capital.

(2) The Minister for Finance may authorise the payment by the Commonwealth to the FAC of the specified amount.