Document ID: chunk:federal_register_of_legislation:C2018C00042:section:34
Version: federal_register_of_legislation:C2018C00042
Segment Type: section
Provision Reference: s 34
Character Range: 37629–38439

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.