s 34

Simplified outline

In force

The following is a simplified outline of this Part:

• This Part applies if an airport‑lessee company is owned by the Commonwealth.

• Before the Commonwealth disposes of its shares in an airport‑lessee company, the Finance Minister may determine that:

(a)

the FAC should be paid capital; and

(b)

the FAC should pay the Commonwealth an amount by way of return of capital.

• If the Commonwealth disposes of its shares in an airport‑lessee company:

(a)

the Commonwealth will pay an amount to the FAC; and

(b)

the FAC will pay the Commonwealth an equivalent amount by way of return of capital; and

(c)

the Finance Minister may determine that the FAC should be paid capital.

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