Commonwealth Numbered Acts

FEDERAL AIRPORTS CORPORATION AMENDMENT ACT 1990 No. 26 of 1990 - SECT 21

21. After section 40 of the Principal Act the following section is inserted:
Board to notify Minister of significant affecting events etc.

"40A. If the Board forms the opinion that matters have arisen:

   (a)  that may prevent, or significantly affect, achievement of the
        objectives of the Corporation and its subsidiaries under the Corporate
        plan; or

   (b)  that may prevent, or significantly affect, achievement of the
        Corporation's financial targets under the financial plan; the Board
        must, as soon as practicable, notify the Minister of its opinion and
        the reasons for its opinion.".