Document ID: chunk:federal_register_of_legislation:C2024C00680:section:33:p2
Version: federal_register_of_legislation:C2024C00680
Segment Type: section
Provision Reference: s 33 (pt 2/2)
Character Range: 53541–54892

(a) a qualified company (the contractor) enters into an airport‑management agreement in relation to an airport; and
 (b) at a particular time, the contractor ceases to be a qualified company;
the agreement terminates at that time.

Other means of termination
 (6) This section does not, by implication, prevent an agreement from being terminated otherwise than under subsection (5).

Airport‑management agreement
 (7) For the purposes of this Act, an airport‑management agreement, in relation to an airport, is an agreement (other than a contract of employment or a prescribed kind of agreement) between:
 (a) the airport‑lessee company for the airport; and
 (b) another person;
under which the other person (either alone or together with the company and/or one or more other persons) is in a position to exercise control over either or both of the following:
 (c) the operation of the whole or a substantial part of the airport;
 (d) the direction to be taken in relation to the development of the whole or a substantial part of the airport.

Economic and commercial substance of agreement
 (8) In determining whether an agreement is an airport‑management agreement, regard must be had to the economic and commercial substance of the agreement.
 (9) Subsection (8) does not, by implication, limit subsection (7).

Subdivision C—Subleases and licences