s 62B Non-application and modification of Division 2 provisions in relation to Class 1 designated operating entities
62B.—(1) Sections 57, 59, 60(1)(b) and (2), 61(2) and 62A do not apply to or in relation to any airport licensee or designated business trust that is also a Class 1 designated operating entity, starting on its effective designation date and while it remains so designated. (2) Section 58 applies to or in relation to an airport licensee or a designated business trust that is also a Class 1 designated operating entity with the following modifications, starting on its effective designation date and while it remains so designated:(a) the reference in section 58(1)(a) to the business of an airport licensee (or any part thereof) conducted pursuant to its licence for an airport is to such business (or any part thereof) of the airport licensee where the operation of the airport is not an essential transport service; (b) the reference in section 58(1)(b) to the business (or any part thereof) of a designated business trust relating to an airport or any part thereof in respect of which, wholly or in part, the business trust is established is to such business (or any part thereof) where the operation of the airport is not an essential transport service. (3) Section 60 applies to or in relation to an airport licensee or a designated business trust that is also a Class 1 designated operating entity with the following modifications, starting on its effective designation date and while it remains so designated:(a) the reference in section 60(1)(a) to section 57(1) or 58(1) is to section 58(1) as modified by subsection (2); (b) the reference in section 60(1)(c) and (3) to a business mentioned in section 58(1) is to a business mentioned in section 58(1) as modified by subsection (2).[Act 20 of 2024 wef 01/04/2025]