CTHIn ForceAct
Airports Act 1996
24No transfer of airport lease without approval of Minister
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#### 24 No transfer of airport lease without approval of Minister
(1) An airport lease must not be transferred without the written approval of the Minister.
(2) If a purported transfer contravenes this section, it is of no effect.
(3) The Minister may only refuse to approve the transfer of an airport lease:
(a) on a ground specified in the regulations; or
(b) on the grounds set out in subsection 14(3); or
(c) the grounds set out in subsection 16(2); or
(da) on the grounds set out in subsection 19(1A); or
(e) on the grounds set out in section 25.
(4) This section does not apply to a transfer by way of the enforcement of a loan security.