Summary
Amends the Airports Act 1996 to: implement a differential master plan submission cycle for federal leased airports (excluding Mount Isa and Tennant Creek); mandate the inclusion of an Australian Noise Exposure Forecast in each new master plan; increase the monetary trigger for major development plans (MDPs) from $20 million to $35 million and enable the minister to review and revise the monetary trigger every three years; specify a 15 business day statutory timeframe within which the minister must consider applications from airport-lessee companies for reduced consultation periods for MDPs, with such applications deemed approved if there is no ministerial decision within this timeframe; enable the minister to extend more than once the period that approved MDPs are required to be substantially completed; enable airport-lessee companies to notify the minister if an approved MDP is not able to proceed on the basis of exceptional circumstances; and make technical amendments.