40
In forceSimplified outline
Part 7Treatment of consideration payable by an airport‑lessee company that is not owned by the Commonwealth
40 Simplified outline
The following is a simplified outline of this Part:
• This Part applies if an airport‑lessee company is not owned by the Commonwealth.
• If consideration becomes payable by the company to the Commonwealth for the grant of the airport lease and the transfer or lease of any airport assets:
(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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