21
In forceCommonwealth may grant airport lease to a Commonwealth‑owned company
Part 3Original grants of airport leases to companies
21 Commonwealth may grant airport lease to a Commonwealth‑owned company
(1)
The Commonwealth may grant an airport lease under this section.
(2)
The Commonwealth must not grant an airport lease under this section unless the lessee is a company all of whose shares are beneficially owned by the Commonwealth.
(3)
If a purported lease contravenes subsection (2), it is of no effect.
Note:
In addition to the requirements of subsection (2), a grant must comply with the rules in Part 2 of the Airports Act 1996.
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