Simplified outline
10 Simplified outline
The following is a simplified outline of this Part:
• Airport land and certain other assets and liabilities will be transferred from the FAC to the Commonwealth.
• If airport land is transferred to the Commonwealth, the airport will cease to be a Federal airport for the purposes of the Federal Airports Corporation Act 1986.
• Land transfers may be registered by State/Territory land registration officials.
• If the Commonwealth has a lease of any transferred land, the Commonwealth’s interest under the lease does not merge in the greater estate or interest that becomes vested in the Commonwealth under this Part.
• The Lands Acquisition Act 1989 does not apply to anything done under this Part.
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