Document ID: chunk:federal_register_of_legislation:C2024C00680:section:163
Version: federal_register_of_legislation:C2024C00680
Segment Type: section
Provision Reference: s 163
Character Range: 254069–254767

163  Surrender of airport leases
 (1) If there is a lease of the whole or a part of an airport site, the lessee may surrender the lease to the Commonwealth.
 (2) The surrender may be:
 (a) unconditional; or
 (b) subject to such terms and conditions as are agreed between the lessee and the Commonwealth.
 (3) The terms and conditions may require the Commonwealth to grant the lessee a new airport lease relating to the same airport and require the lessee to pay or give the Commonwealth consideration for the new airport lease. The new lease may be expressed to take effect when regulations varying the airport site take effect.
 (4) Subsection (3) does not, by implication, limit subsection (2).