Commonwealth Numbered Acts

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AIRPORTS (TRANSITIONAL) ACT 1996 No. 36 of 1996 - SECT 43

43 Capital for the FAC after consideration becomes payable

(1) This section applies if:

   (a)  an airport-lessee company pays, or is liable to pay, to the
        Commonwealth an amount of consideration for:

        (i)    the grant of the airport lease; and

        (ii)   the transfer or lease of any assets under section 23 or 24; and

        (iii)  the transfer of any assets under section 30 or 31; and

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

(2) The Minister for Finance may authorise the payment by the Commonwealth to
the FAC of the specified amount. 


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