CTHRepealedAct
Federal Airports Corporation Act 1986
50Corporation may give security
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##### 50 Corporation may give security
The Corporation may give security over the whole or any part of its land or other assets for:
(a) the repayment by the Corporation of money borrowed by the Corporation under section 47 or paragraph 48(1)(a) and the payment by the Corporation of interest (including any interest on that interest) on money so borrowed;
(b) the payment by the Corporation of amounts (including any interest) that the Corporation is liable to pay with respect to money raised by the Corporation under paragraph 48(1)(b); or
(c) the payment to the Commonwealth of amounts equal to any amounts that the Commonwealth may become liable to pay under a contract entered into under subsection 49(1) or a determination made under subsection 49(2).