Commonwealth Consolidated Acts

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AIRPORTS ACT 1996 - SECT 34D

Regulations may provide that a beneficial interest in a sublease of airport lease must not be transferred independently of the legal interest

             (1)  The regulations may provide that a beneficial interest in a sublease of an airport lease must not be transferred independently of the legal interest in the sublease.

             (2)  If a purported transfer contravenes those regulations, it is of no effect.

             (3)  This section does not apply to a transfer by way of the enforcement of a loan security.



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