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COMMONWEALTHAct
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s 38

Capital for the FAC following disposal of shares

In force
Part 6Treatment of sale of shares in an airport‑lessee company owned by the Commonwealth

38 Capital for the FAC following disposal of shares

(1)

This section applies if:

(a)

the Commonwealth disposes of all its shares in an airport‑lessee company that was granted an airport lease under section 21; and

(b)

the Finance Minister determines in writing that the FAC should be paid a specified amount of capital.

(2)

The Finance Minister may authorise the payment by the Commonwealth to the FAC of the specified amount.

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