Document ID: chunk:federal_register_of_legislation:C2024C00680:section:28
Version: federal_register_of_legislation:C2024C00680
Segment Type: section
Provision Reference: s 28
Character Range: 44596–45343

28  Notification of acquisition of lease or of entry into possession—enforcement of loan security
 (1) If:
 (a) a person acquires an airport lease; and
 (b) the acquisition is by way of the enforcement of a loan security;
the person must, within 7 days after acquiring the lease, give the Minister written notice of the acquisition.
Penalty: 100 penalty units.
 (2) If:
 (a) an airport lease is subject to a loan security; and
 (b) the lender enters into possession of the land to which the lease relates; and
 (c) the entry into possession is by way of the enforcement of the loan security;
the lender must, within 7 days after entering into possession, give the Minister written notice of the entry into possession.
Penalty: 100 penalty units.