AIRPORT AUTHORITY (PERMITTED AIRPORT-RELATED ACTIVITIES) ORDER
L.N. 150 of 2002; L.N. 152 of 2002
Approval of Financial Secretary
(1) The Authority shall obtain the approval of the Financial Secretary before undertaking to engage in any permitted airport-related activity specified in section 1, 2 or 3 of the Schedule in respect of an airport if the aggregate of-
(a) the amount of consideration payable by the Authority pursuant to such activity; and
(b) where the Authority is engaging in or has undertaken to engage in any other permitted airport-related activities specified in section 1, 2 or 3 of the Schedule in respect of the same airport, the amounts of consideration paid or payable by the Authority pursuant to such activities
exceeds 2.5% of the issued share capital of the Authority.
(2) After engaging in an activity approved by the Financial Secretary under subsection (1), the Authority shall ensure that a report of the activity is laid, as soon as practicable, on the table of the Legislative Council.