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CHRISTMAS ISLAND AGREEMENT ACT 1958 - SCHEDULE 2
- Agreement between the Government of Australia and the Government of New Zealand to provide for the termination of the
Christmas Island Agreement 1958-81
Section 4
The Government of Australia and the Government of New Zealand, (hereinafter
referred to as "the said Governments"),
Desiring to revise their mutual
rights and obligations under the Christmas Island Agreement 1958-81, in the
light of the proposed winding up of the Christmas Island Phosphate Commission
HAVE AGREED AS FOLLOWS:
ARTICLE I
The Christmas Island Phosphate Commission
constituted under the Agreement made on 26 November 1949 between the
Government of Australia and the Government of New Zealand, and incorporated by
the Christmas Island Agreement Act 1949 of Australia (hereinafter referred to
as the "Commission"), shall cease to function as soon as practicable after the
date of entry into force of this
Agreement.
ARTICLE II
The Commission shall transfer or otherwise divest
itself of all licences, authority, powers, assets and liabilities at a date or
dates and upon terms acceptable to the said Governments.
ARTICLE III
The
administration and distribution of moneys held in the special fund created
pursuant to paragraph 3 of Article 6 of the Christmas Island Agreement 1958-81
shall, from the date of entry into force of this Agreement, be the
responsibility of the Government of Australia.
ARTICLE IV
The Christmas
Island Agreement 1958-81 and this Agreement shall, notwithstanding Article 14
of the Christmas Island Agreement 1958-81, terminate when the Commission
ceases to function.
ARTICLE V
This Agreement shall enter into force on the
date on which the Government of Australia notifies the Government of New
Zealand that it has completed the processes necessary in Australia to give
effect to this Agreement.
IN WITNESS WHEREOF the undersigned, duly authorised
thereto, have signed the present Agreement and affixed thereto their seals.
DONE at Canberra this Twenty-second day of November 1982.
A. A. STREET
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