CHRISTMAS ISLAND AGREEMENT ACT 1976 CHRISTMAS ISLAND AGREEMENT ACT 1976 - TABLE OF PROVISIONS 1. Short title [see Note 1] 2. Commencement [see Note 1] 3. Approval SCHEDULE--Agreement between the Government of Australia and the Government of New Zealand to amend the Christmas Island Agreement 1958 CHRISTMAS ISLAND AGREEMENT ACT 1976 - LONG TITLE An Act to approve an Agreement entered into between the Government of Australia and the Government of New Zealand to amend the Christmas Island Agreement 1958 CHRISTMAS ISLAND AGREEMENT ACT 1976 - SECT 1 Short title [see Note 1] This Act may be cited as the Christmas Island Agreement Act 1976. CHRISTMAS ISLAND AGREEMENT ACT 1976 - SECT 2 Commencement [see Note 1] This Act shall come into operation on the day on which it receives the Royal Assent. CHRISTMAS ISLAND AGREEMENT ACT 1976 - SECT 3 Approval The agreement a copy of which is set out in the Schedule is approved. CHRISTMAS ISLAND AGREEMENT ACT 1976 - SCHEDULE--Agreement between the Government of Australia and the Government of New Zealand to amend the Christmas Island Agreement 1958 Section 3 The Government of Australia and the Government of New Zealand-- desiring to revise in part the Christmas Island Agreement 1958 (hereinafter referred to as "the Principal Agreement") have agreed as follows: Article 1 Article 6 of the Principal Agreement is amended: (a) by omitting paragraph 3 and inserting in its stead the following paragraph: "3. After the expenses referred to in paragraph 1 of this Article together with interest thereon as provided in that paragraph have been recouped, the Commission shall create a special fund (in this Article called the "fund") for the purpose of accumulating moneys to meet the cost of discharging from time to time those obligations towards the inhabitants of the Island which, and such other residual liabilities as, the two Governments agree are of a special nature and fall upon the Government of Australia.", and (b) by omitting paragraphs 7 and 8 and inserting in their stead the following paragraphs: "7. The two Governments shall consult together whenever necessary to assess what part or parts of the fund should be applied from time to time to meeting the cost of discharging the obligations and other residual liabilities referred to in paragraph 3 of this Article. "8. (a) Such part or parts of the fund as has or have been so assessed shall be paid or transferred to the Government of Australia for the purpose of meeting the cost of discharging the said obligations and other residual liabilities. (b) Whenever the two Governments agree that the purposes for which the fund was created have been satisfied, the fund shall be closed and the balance thereof equally divided between the two Governments." Article 2 This Agreement shall come 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 have affixed thereto their seals. DONE at Canberra this eighth day of September 1976. ANDREW PEACOCK L. J. FRANCIS For the Government of Australia For the Government of New Zealand (L.S.) (L.S.) CHRISTMAS ISLAND AGREEMENT ACT 1976 - NOTES Compilation Information Christmas Island Agreement Act 1976 Act No. 118 of 1976 CHRISTMAS ISLAND AGREEMENT ACT 1976 - NOTES CHRISTMAS ISLAND AGREEMENT ACT 1976Notes to the Christmas Island Agreement Act 1976 Note 1 Act No. 118, 1976; assented to and commenced 18 November 1976.