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Airports (Transitional) Act 1996
19Simplified outline
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19 Simplified outline
The following is a simplified outline of this Part:
• 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.
• The Commonwealth may transfer certain contracts and liabilities to the airport‑lessee company.
• Airport leases are granted subject to existing leases and other interests.
• The existence of this Act may be noted on title registers.
• The Lands Acquisition Act 1989 does not apply to anything done under this Part.