3Joint venture aerodromes Empowered by s 240
1Crown money may be retained in joint venture aerodrome operator accounts
Certain amounts of money, as described in subclause (2), may, with the approval of the Minister of Finance, be retained on behalf of the Crown in the accounts of the operator of a joint venture aerodrome instead of being paid into a Crown Bank Account.
For the purposes of subclause (1), the amounts of money are as follows:
- any money standing to the credit of, or held on behalf of, the Crown in the accounts of the operator as a result of the operations of that aerodrome; and
- any money representing the Crown’s share of the proceeds of any fees or charges imposed under this Act.
Any money described in subclause (2) may be used for purposes in connection with the operation and development of that aerodrome—
- as may be authorised by the Minister with the concurrence of the Minister of Finance; and
- without further authority than this clause.
Compare
- 1990 No 98 s 95(1)
2Minister may require Crown money to be paid to the Crown
The Minister may require certain amounts of money, as described in clause 1(2), to be paid to the Crown, despite any other legislation, rule of law, deed, or agreement.
Any money paid to the Crown under subclause (1) may be used for such purposes (whether or not related to the aerodrome) as the Minister thinks fit, despite any other legislation, rule of law, deed, or agreement.
Compare
- 1990 No 98 s 95(2), (3)
3Person may withdraw and use certain money in joint venture aerodrome operator accounts
A person operating a joint venture aerodrome with the Crown may withdraw certain amounts of money, as described in subclause (2), despite any other legislation, rule of law, deed, or agreement.
For the purposes of subclause (1), the amounts of money are as follows:
- any money standing to the credit of or held on behalf of that person in the accounts of the operator as a result of the operations of that aerodrome; and
- any money representing that person’s share of the proceeds of any fees or charges imposed under this Act.
Any money described in subclause (2) may be used—
- for purposes (whether or not related to the airport) as the person thinks fit; and
- subject to the liability (if any) of the person under any legislation, deed, or agreement to pay any part of such money to any other body or person.
If any money withdrawn under subclause (1) is paid by the person, under the person’s liability under any legislation, deed, or agreement, to any other body or person, that money may be used for purposes (whether or not related to the aerodrome) as the body or person receiving it thinks fit.
Compare
- 1990 No 98 s 95(4), (5)