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AIRPORTS (TRANSITIONAL) ACT 1996
TABLE OF PROVISIONS
Long Title
1. 1 Short title
2. 2 Commencement
3. 3 Simplified outline
4. 4 Definitions
5. 5 Sydney West Airport
6. 6 Sale time for Commonwealth-owned company
7. 7 Crown to be bound
8. 8 External Territories
9. 9 Extra-territorial operation
10. 10 Simplified outline
11. 11 Transfer of FAC land to the Commonwealth
12. 12 Transfer of other FAC assets to the Commonwealth
13. 13 Transfer of the FAC's contractual rights and obligations to the Commonwealth
14. 14 Transfer of FAC liabilities to the Commonwealth
15. 15 Transferred airport ceases to be a Federal airport for purposes of the FAC Act
16. 16 Transfers of FAC land may be registered
17. 17 FAC land leased to the Commonwealth
18. 18 Lands Acquisition Act does not apply to this Part
19. 19 Simplified outline
20. 20 Scope of Part
21. 21 Commonwealth may grant airport lease to a Commonwealth-owned company
22. 22 Commonwealth may grant airport lease to a company that is not owned by the Commonwealth
23. 23 Transfer or lease of assets to company
24. 24 Transfer of contractual rights and obligations
25. 25 Transfer of liability to company
26. 26 Airport lease granted subject to existing interests in the land
27. 27 Entries in title registers
28. 28 Lands Acquisition Act does not apply to this Part
29. 29 Simplified outline
30. 30 Transfer of assets
31. 31 Transfer of contractual rights and obligations
32. 32 Simplified outline
33. 33 Transfer of liabilities
34. 34 Simplified outline
35. 35 When this Part applies
36. 36 Commonwealth may pay the FAC an amount before disposal of shares
37. 37 Commonwealth must pay an amount to the FAC
38. 38 Capital for the FAC following disposal of shares
39. 39 Appropriation of Consolidated Revenue Fund
40. 40 Simplified outline
41. 41 When this Part applies
42. 42 Commonwealth must pay an amount to the FAC
43. 43 Capital for the FAC after consideration becomes payable
44. 44 Appropriation of Consolidated Revenue Fund
45. 45 Simplified outline
46. 46 Exemption from stamp duty and other taxes
47. 47 Airport-lessee company not liable to stamp duty on pre-grant instruments
48. 48 Stamp duty-transfers of assets or liabilities to privately-owned companies
49. 49 Special depreciation rules for fixtures
50. 50 Acquisition of depreciated property from the Commonwealth
51. 51 Acquisition of depreciated property from the FAC
52. 52 Consideration received by the FAC for transfer of assets to the Commonwealth or to an airport-lessee company
53. 53 Airport-lessee company to be building owner for the purposes of Division 10C of Part III of the Income Tax Assessment Act 1936
54. 54 Airport-lessee company to be building owner for the purposes of Division 10D of Part III of the Income Tax Assessment Act 1936
55. 55 Modification of depreciation and capital gains tax provisions
56. 56 Transfer of development allowance benefits
57. 57 Simplified outline
58. 58 Transfer of staff from the FAC
59. 59 Terms and conditions of transferred employees
60. 60 Variation of terms and conditions of employment
61. 61 Statement of accrued benefits
62. 62 Cessation of mobility rights
63. 63 Long service leave rules set out in Schedule 1
64. 64 Superannuation rules set out in Schedule 2
65. 65 Safety, Rehabilitation and Compensation Act 1988 rules set out in Schedule 3
66. 66 Simplified outline
67. 67 Scope of Division
68. 68 Treasurer may declare that loan is due and payable
69. 69 Commonwealth may pay the FAC an amount equal to the amount owing
70. 70 Appropriation of Consolidated Revenue Fund
71. 71 Scope of Division
72. 72 Borrowing transactions
73. 73 FAC's borrowing transactions may become the Commonwealth's borrowing transactions
74. 74 Commonwealth takeover of certain obligations of the FAC
75. 75 Application of the Loans Securities Act 1919
76. 76 Commonwealth takeover of obligations-payments by the FAC to the Commonwealth
77. 77 Commonwealth may pay the FAC an amount to enable the FAC to discharge or extinguish its liability under a borrowing transaction
78. 78 Appropriation of Consolidated Revenue Fund
79. 79 Simplified outline
80. 80 Continuing application of the Director of Public Prosecutions Act 1983
81. 81 Simplified outline
82. 82 Airport-lessee company not to be an agency of the Commonwealth etc.
83. 83 Simplified outline
84. 84 Transfer of pending proceedings
85. 85 Operation of this Act does not place a person in breach of contract etc.
86. 86 Appropriation-grant of airport lease to Commonwealth-owned company
87. 87 This Act does not modify registers kept by land registration officials
88. 88 Declarations that are contingent on the grant of an airport lease may be varied or revoked before the grant
89. 89 Copies of declarations to be published in the Gazette
90. 90 Compensation-constitutional safety-net
91. 91 Commonwealth records
92. 92 Act does not authorise the imposition of taxation
93. 93 Regulations
94. 94 Amendments
SCHEDULE 1
SCHEDULE 2
SCHEDULE 3
SCHEDULE 4
(Assented to 9 October 1996)
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