s 22
In forceCommonwealth may grant airport lease to a company that is not owned by the Commonwealth
Part 3Original grants of airport leases to companies
22 Commonwealth may grant airport lease to a company that is not owned by the Commonwealth
(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 none 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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