Commonwealth Numbered Acts

FEDERAL AIRPORTS CORPORATION AMENDMENT ACT 1990 No. 26 of 1990 - SECT 17

17. After section 27 of the Principal Act the following section is inserted:
Reimbursement for financial detriment suffered as a result of declarations

"27A. (1) Where the Corporation satisfies the Minister that it has, during any
period, suffered financial detriment as a result of a declaration by the
Minister under section 25, 26 or 27, other than a declaration the financial
detriment resulting from which has been taken into account in the financial
targets included in the financial plan for a period including that period, the
Corporation is entitled to be reimbursed by the Commonwealth the amount that
the Minister determines, in writing, to be the amount of the financial
detriment suffered by the Corporation during the period.

"(2) The reference in subsection (1) to the Corporation suffering financial
detriment includes a reference to the Corporation:

   (a)  suffering a loss; or

   (b)  incurring costs that are greater than the costs that the Corporation
        would otherwise have incurred; or

   (c)  foregoing revenue that is revenue that the Corporation could otherwise
        have received.".