CTHIn ForceAct
Airports Act 1996
28Notification of acquisition of lease or of entry into possession—enforcement of loan security
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28 Notification of acquisition of lease or of entry into possession—enforcement of loan security
(1) If: (a) a person acquires an airport lease; and (b) the acquisition is by way of the enforcement of a loan security; the person must, within 7 days after acquiring the lease, give the Minister written notice of the acquisition.
Penalty: 100 penalty units.
(2) If: (a) an airport lease is subject to a loan security; and (b) the lender enters into possession of the land to which the lease relates; and (c) the entry into possession is by way of the enforcement of the loan security; the lender must, within 7 days after entering into possession, give the Minister written notice of the entry into possession.
Penalty: 100 penalty units.