Queensland Numbered Acts

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AIRPORT ASSETS (RESTRUCTURING AND DISPOSAL) ACT 2008 No. 46 - SECT 112

112 Proceeds from the sale of abandoned property

(1) This section applies if--

(a) property is abandoned on land that--
(i) on the completion day for Cairns International Airport, is Cairns airport land; or
(ii) on the completion day for Mackay Airport, is Mackay airport land; and
(b) immediately before the completion day, a port authority is holding an amount that is, under TIA, section 289M, proceeds of sale of the property.

(2) From the completion day, TIA, section 289M continues to apply to the port authority in relation to the amount.


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