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Federal Airports Corporation Amendment Act 1990

No. 26 of 1990

TABLE OF PROVISIONS
PART 1—PRELIMINARY
Section
1. Short title
2. Commencement

PART 2—AMENDMENTS OF THE FEDERAL AIRPORTS CORPORATION ACT 1986

3. Principal Act
4. Interpretation
5. Extent of functions of Corporation
6. Powers of Corporation
7. Repeal of sections 10 and 11 and substitution of new sections:
10. Limitation on formation of companies etc.
11. Limitation on formation of partnerships
8. Heading to Part III
9. Insertion of new sections:
12a. The Board
12b. Purposes of the Board
10. Constitution of Board
11. Period of appointment of members
12. Remuneration and allowances of members
13. Resignation
14. Termination of appointments
15. Meetings of Board
16. Acting appointments
17. Insertion of new section:
27a. Reimbursement for financial detriment suffered as a result of
declarations
TABLE OF PROVISIONS continued
Section
18. Corporate plan
19. Financial targets and performance indicators
20. Minister may vary financial plan
21. Insertion of new section:
40a. Board to notify Minister of significant affecting events etc.
22. Insertion of new section:
44a. Revaluation of assets
23. Exemption from taxation
24. Borrowings otherwise than from Commonwealth
25. Repeal of section 51
26. Guarantee of borrowings by subsidiary of Corporation
27. Delegation by Treasurer
28. Repeal of section 54 and substitution of new sections:
54. Bank accounts
54a. Investment of money of Corporation
54b. Proper accounts to be kept
54C. Audit
29. Audit of subsidiaries
30. Aeronautical charges
31. Chief Executive Officer
32. Insertion of new sections:
58a. Duties of Chief Executive Officer
58b. Chief Executive Officer holds office during Board's pleasure
33. Repeal of section 60 and substitution of new section:
60. Remuneration and allowances of Chief Executive Officer
34. Transitional—existing appointee as Chief Executive Officer
35. Repeal of section 65
36. Insertion of new section:
65. Annual report
37. Delegation by Chief Executive Officer
38. Insertion of new section:
67a. Delegation by Board
39. Duties of Corporation
40. Insertion of new section:
71b. Conduct by directors, servants and agents
41. By-laws
42. Amendments relating to the Board

PART 3—AMENDMENT OF THE FREEDOM OF INFORMATION ACT 1982
43. Principal Act
44. Schedule 2
SCHEDULE
AMENDMENTS RELATING TO THE BOARD

Federal Airports Corporation Amendment Act 1990

No. 26 of 1990

An Act to amend the Federal Airports Corporation Act 1986, and for related purposes

[Assented to 24 May 1990]

BE IT ENACTED by the Queen, and the Senate and the House of Representatives of the Commonwealth of Australia, as follows:

PART 1—PRELIMINARY

Short title

1. This Act may be cited as the Federal Airports Corporation Amendment Act 1990.

Commencement

2. (1) Subject to this section, this Act commences on a day or days to be fixed by Proclamation.

(2) If