Federal Airports Corporation
FAC
1 January 1988 – 1 July 1998
Government business enterprise that owned, operated and developed Australia's major federal airports on a commercial basis, including Sydney, Melbourne, Brisbane, Perth and Adelaide.
How it came into existence
Established under the Federal Airports Corporation Act 1986 and began operating on 1 January 1988, taking over 17 major airports previously run by the Commonwealth transport department (the Department of Aviation until July 1987, then the Department of Transport and Communications).
- Operation of federal airports
The airports had been run by the Department of Aviation until 24 July 1987.
Legislation: Federal Airports Corporation Act 1986
Changes during its life
- July 1997First phase of airport privatisation: long-term leases of Brisbane, Melbourne and Perth airports sold to private operators.
- 1998Second phase of airport privatisation: leases of most of the remaining airports sold to private operators.
How it ended
Its airports were leased to private operators in 1997 and 1998 under the Airports Act 1996, and on 1 July 1998 Sydney (Kingsford Smith) Airport passed to the Commonwealth-owned Sydney Airports Corporation Limited and Bankstown, Camden and Hoxton Park airports to three Commonwealth-owned companies, after which the corporation ceased operating.
- Operation of Bankstown Airport
- Operation of Camden Airport
- Operation of Hoxton Park Airport
- Operation of Sydney (Kingsford Smith) Airport
Main functions
- Operation of major federal airports
- Airport development and capital works
- Commercial management of terminals and airport property
- Airport landside services
Where it sits
Last in the portfolio of Department of Transport and Regional Development.
Lineage
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Sources
Other sources
Some dates or links for this organisation are not fully confirmed. Corrections are welcome.