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Federal Airports Corporation Act 1986
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C2004C04012
15 July 2001
-
18 December 2002
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Part I—Preliminary
1 Short title [see Note 1]
2 Commencement [see Note 1]
3 Interpretation
4 Extension to external Territories
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Part II—Establishment, functions and powers of Corporation
5 Establishment of Corporation
6 Functions of the Corporation
7 Performance of functions of Corporation
8 Extent of functions of Corporation
9 Powers of Corporation
12 Consultation
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Part III—Board of Corporation
12A The Board
12B Purposes of the Board
13 Constitution of Board
14 Period of appointment of members
15 Outside employment
16 Remuneration and allowances of members
17 Leave of absence
18 Resignation
19 Termination of appointments
21 Meetings of Board
22 Acting appointments
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Part IV—Federal airports
23 Schedule airports
24 Certain land not to become Federal airport
25 New Federal airports
26 Variation of Federal airports
26A Declaration of place as a Federal airport development site
26B Variation of Federal airport development site
26C How a place ceases to be a Federal airport development site
27 Closure of Federal airport
27A Reimbursement for financial detriment suffered as a result of declarations
28 Vesting of land
29 Corporation holds Federal airports, and Federal airport development sites, for the Commonwealth
30 State officer may act on certificate
31 Buildings etc. not to vest automatically
32 Transfer of assets
33 Minister may make arrangements
34 Operation of Federal airports
35 Evidence of boundaries of airports
36 Lands Acquisition Act
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Part V—Operation of Corporation
39 Financial targets and performance indicators
40 Minister may vary corporate plan
41 Directions to Corporation
42 Reimbursement of cost of complying with directions
42A Minister may give Corporation notices about its strategic direction etc.
42B Minister may direct Corporation to give documents and information to nominee
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Part VI—Finance
43 Capital structure of Corporation
44 Capital of Corporation
44A Revaluation of assets
45 Exemption from taxation
46 Payments of dividends to Commonwealth
46A Interim dividends
47 Borrowing from Commonwealth
48 Borrowings otherwise than from Commonwealth
49 Guarantee of borrowings by Corporation
50 Corporation may give security
52 Guarantee of borrowings by subsidiary of Corporation
53 Delegation by Treasurer
54AB Hedging through currency contracts etc.
56 Aeronautical charges
57 Rents etc. paid in advance
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Part VIA—Provisions relating to the Corporation’s liability to pay income tax
57A Interpretation
57B Commencement of the Corporation’s liability to pay income tax
57C Accelerated depreciation not available for income tax purposes
57D Capital gains tax
57E Land and buildings etc.
57F Superannuation payments
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Part VII—Chief Executive Officer, staff and consultants
58 Chief Executive Officer
58A Duties of Chief Executive Officer
58B Chief Executive Officer holds office during Board’s pleasure
59 Acting Chief Executive Officer
60 Remuneration and allowances of Chief Executive Officer
61 Staff of Corporation
62 Corporation as employer
63 Engagement of consultants
64 Airport officers
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Part VIII—Miscellaneous
65 Extra matters to be included in annual report
66 Delegation by Minister
67 Delegation by Chief Executive Officer
67A Delegation by Board
68 Duties of Corporation
69 Airports (Surface Traffic) Act
70 Air Navigation Regulations
71 Airports (Business Concessions) Act
71A Defence aerodromes
71B Conduct by directors, servants and agents
72 By-laws
73 Operation of State and Territory laws
74 Regulations
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Schedule—Airports
Notes to the STYLEREF ShortT \* MERGEFORMAT Federal Airports Corporation Act 1986
