Federal Register of Legislation
Federal Airports Corporation Amendment Act 1990
No. 26 of 1990
TABLE OF PROVISIONS PART 1—PRELIMINARY Section 1. Short title 2. Commencement
PART 2—AMENDMENTS OF THE FEDERAL AIRPORTS CORPORATION ACT 1986
3. Principal Act 4. Interpretation 5. Extent of functions of Corporation 6. Powers of Corporation 7. Repeal of sections 10 and 11 and substitution of new sections: 10. Limitation on formation of companies etc. 11. Limitation on formation of partnerships 8. Heading to Part III 9. Insertion of new sections: 12a. The Board 12b. Purposes of the Board 10. Constitution of Board 11. Period of appointment of members 12. Remuneration and allowances of members 13. Resignation 14. Termination of appointments 15. Meetings of Board 16. Acting appointments 17. Insertion of new section: 27a. Reimbursement for financial detriment suffered as a result of declarations TABLE OF PROVISIONS continued Section 18. Corporate plan 19. Financial targets and performance indicators 20. Minister may vary financial plan 21. Insertion of new section: 40a. Board to notify Minister of significant affecting events etc. 22. Insertion of new section: 44a. Revaluation of assets 23. Exemption from taxation 24. Borrowings otherwise than from Commonwealth 25. Repeal of section 51 26. Guarantee of borrowings by subsidiary of Corporation 27. Delegation by Treasurer 28. Repeal of section 54 and substitution of new sections: 54. Bank accounts 54a. Investment of money of Corporation 54b. Proper accounts to be kept 54C. Audit 29. Audit of subsidiaries 30. Aeronautical charges 31. Chief Executive Officer 32. Insertion of new sections: 58a. Duties of Chief Executive Officer 58b. Chief Executive Officer holds office during Board's pleasure 33. Repeal of section 60 and substitution of new section: 60. Remuneration and allowances of Chief Executive Officer 34. Transitional—existing appointee as Chief Executive Officer 35. Repeal of section 65 36. Insertion of new section: 65. Annual report 37. Delegation by Chief Executive Officer 38. Insertion of new section: 67a. Delegation by Board 39. Duties of Corporation 40. Insertion of new section: 71b. Conduct by directors, servants and agents 41. By-laws 42. Amendments relating to the Board
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