24
CurrentNo transfer of airport lease without approval of Minister
Part 2Leasing and management of airports
Division 4Restrictions on acquisition and transfer of airport leases
24 No transfer of airport lease without approval of Minister
(1)
An airport lease must not be transferred without the written approval of the Minister.
(2)
If a purported transfer contravenes this section, it is of no effect.
(3)
The Minister may only refuse to approve the transfer of an airport lease:
(a)
on a ground specified in the regulations; or
(b)
on the grounds set out in subsection 14(3); or
(c)
the grounds set out in subsection 16(2); or
(da)
on the grounds set out in subsection 19(1A); or
(e)
on the grounds set out in section 25.
(4)
This section does not apply to a transfer by way of the enforcement of a loan security.
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