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AIRPORTS (TRANSITIONAL) ACT 1996 No. 36 of 1996 - SECT 21
21 Commonwealth may grant airport lease to a Commonwealth-owned company
(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 all 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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