Commonwealth Numbered Acts

QANTAS SALE ACT 1992 No. 196, 1992 - SECT 45

45.(1) If:

   (a)  the Minister for Finance has, for the purposes of this subsection,
specified in writing a day ("the specified day") in a financial year as the
day on which Australian Airlines ceases to be a Commonwealth authority within
the meaning of "Commonwealth authority" in the CERC Act; and

   (b)  Australian Airlines has paid a licence fee in respect of the
        licence fee year in which the day referred to in paragraph (a) occurs
        under section 107R of the CERC Act; Australian Airlines is entitled to
        be paid an amount equal to the amount worked out using the following
        formula:
             Licence fee   x   No. of refund days

365 where:

"Licence fee" means the fee paid under section 107R of the CERC Act in respect
of the licence fee year in which the specified day occurs;

"No. of refund days" means the total number of days in the period beginning on
the day specified by the Minister under paragraph (a) and ending on the last
day of the licence fee year in which the specified day occurs.

(2) An amount to which Australian Airlines is entitled under subsection (1)
must be paid out of the Consolidated Revenue Fund which is appropriated
accordingly.

(3) In this section:

"licence fee year" means the year beginning on the date of commencement of a
licence granted under section 107J of the CERC Act and ending on the day
before the anniversary of that date.