Commonwealth Numbered Acts

AIRPORTS (TRANSITIONAL) ACT 1996 No. 36 of 1996 - SECT 3

The following is a simplified outline of this Act:
. This Act provides for the leasing of certain airports.
. Airport land and other airport assets will be transferred from the Federal
Airports Corporation (FAC) to the Commonwealth.
. The Commonwealth will grant an airport lease to a company. The company is
called an airport-lessee company.
. Immediately after the grant of the airport lease, the Commonwealth may
transfer or lease certain assets to the airport-lessee company.
. Certain employees, assets, contracts and liabilities of the FAC will be
transferred to the airport-lessee company.