AIRPORT ASSETS (RESTRUCTURING AND DISPOSAL) ACT 2008

Queensland Consolidated Acts

5 The project

The project is--

(a) disposing of particular airport businesses, assets and liabilities of Cairns Ports and Mackay Ports; and

(b) taking steps to facilitate the disposal mentioned in paragraph (a), including by--

(i) restructuring businesses, assets and liabilities of Cairns Ports and Mackay Ports, their subsidiaries and other airport entities; and

(ii) disposing of airport entities: and

(c) disposing of shares in BAC Holdings held by Gateway; and

(d) taking other steps relating to the disposal of Gateway's interest in BAC Holdings, including--

(i) restructuring Gateway and its assets for the purpose of the disposal; and

(ii) facilitating agreement about the terms of a shareholders deed of covenant and facilitating execution of the deed; and

(e) disposing of shares in Gateway held by POBC, and taking steps to facilitate that disposal.