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Airports (Transitional) Act 1996
34Simplified outline
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#### 34 Simplified outline
The following is a simplified outline of this Part:
• This Part applies if an airport‑lessee company is owned by the Commonwealth.
• Before the Commonwealth disposes of its shares in an airport‑lessee company, the Finance Minister may determine that:
(a) the FAC should be paid capital; and
(b) the FAC should pay the Commonwealth an amount by way of return of capital.
• If the Commonwealth disposes of its shares in an airport‑lessee company:
(a) the Commonwealth will pay an amount to the FAC; and
(b) the FAC will pay the Commonwealth an equivalent amount by way of return of capital; and
(c) the Finance Minister may determine that the FAC should be paid capital.