Commonwealth Consolidated Acts

AIRPORTS (TRANSITIONAL) ACT 1996 - SECT 6

             (1)  This section applies to:

                     (a)  an airport‑lessee company that was granted an airport lease under section 21; or

                     (b)  an airport‑lessee company that was granted an airport lease under section 22, where, at any time before the grant of the lease, a majority of the voting shares in the company were held by:

                              (i)  the Commonwealth; or

                             (ii)  a nominee of the Commonwealth.

             (2)  If, in the opinion of the Minister for Finance, a particular time is the first time after the commencement of this section on which a majority of the voting shares in the company are or were acquired by a person, or persons, other than:

                     (a)  the Commonwealth; or

                     (b)  a nominee of the Commonwealth;

the Minister for Finance must, by notice in the Gazette , declare the time to be the sale time for the company.

             (3)  The declaration has effect accordingly.

             (4)  The notice must be published within 21 days after the time concerned.