International Organisations (Privileges and Immunities—Nauru Trust Fund) Regulation 2015 (Cth)

International Organisations (Privileges and Immunities—Nauru Trust Fund) Regulation 2015

Select Legislative Instrument No. 235, 2015

I, General the Honourable Sir Peter Cosgrove AK MC (Ret’d), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation.

Dated 10 December 2015

Peter Cosgrove

Governor‑General

By His Excellency’s Command

Julie Bishop

Minister for Foreign Affairs

Contents

1............ Name.................................................................................................. 1

2............ Commencement.................................................................................. 1

3............ Authority............................................................................................ 1

4............ Definitions.......................................................................................... 1

5............ Act applies to Fund............................................................................. 2

6............ Legal personality and capacities of Fund........................................... 2

7............ Privileges and immunities of Fund..................................................... 2

1Name

This is the International Organisations (Privileges and Immunities—Nauru Trust Fund) Regulation 2015.

2Commencement

(1)Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information
Column 1	Column 2	Column 3
Provisions	Commencement	Date/Details
1.  The whole of this instrument	The day after this instrument is registered.	17 December 2015

Note:This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

(2)Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3Authority

This instrument is made under the International Organisations (Privileges and Immunities) Act 1963.

4Definitions

In this instrument:

Act means the International Organisations (Privileges and Immunities) Act 1963.

Fund means the Intergenerational Trust Fund for the People of the Republic of Nauru.

5Act applies to Fund

The Fund is declared to be an international organisation to which the Act applies.

6Legal personality and capacities of Fund

For subparagraph 6(1)(a)(i) of the Act, the Fund is a body corporate with perpetual succession and has the legal capacity to:

(a)enter into contracts; and

(b)acquire and dispose of property; and

(c)institute legal proceedings; and

(d)take other action to protect the assets of the Fund.

7Privileges and immunities of Fund

For subparagraph 6(1)(a)(ii) of the Act, the Fund has the following privileges and immunities:

(a)exemption from currency and exchange restrictions;

(b)exemption of the Fund, its property and its assets from income tax.