35D
CurrentRegulations may provide that a beneficial interest in a licence relating to an airport lease must not be transferred independently of the legal interest
Part 2Leasing and management of airports
Division 6Restrictions on lessees
Subdivision CSubleases and licences
35D Regulations may provide that a beneficial interest in a licence relating to an airport lease must not be transferred independently of the legal interest
(1)
The regulations may provide that a beneficial interest in a licence relating to an airport lease must not be transferred independently of the legal interest in the licence.
(2)
If a purported transfer contravenes those regulations, it is of no effect.
(3)
This section does not apply to a transfer by way of the enforcement of a loan security.
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