Common Fund for Commodities (Privileges and Immunities) Regulations

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EXPLANATORY STATEMENT

INTERNATIONAL ORGANIZATIONS (PRIVILEGES AND IMMUNITIES) ACT 1963

COMMON FUND FOR COMMODITIES (PRIVILEGES AND IMMUNITIES) REGULATIONS

STATUTORY RULES 1985 NO. 20 ISSUED BY THE AUTHORITY OF THE MINISTER OF STATE FOR FOREIGN AFFAIRS

The Agreement establishing the Common Fund for Commodities, which was drawn up in Geneva on 27 June 1980, was signed for Australia on 20 May 1981. Australia’s instrument of ratification of the Agreement was deposited on 9 October 1981.

The major objectives of the Fund are to fulfil UNCTAD’s Integrated Programme for Commodities, and to facilitate the conclusions and functionings of International Commodity Agreements or Arrangements. These objectives are to be achieved through the financing of international buffer stocks, internationally coordinated national stocks and measures in the field of commodities other than stocking, with appropriate coordination and consultation.

Chapter X of the Agreement requires Members to accord to the Fund and its employees the status, privileges and immunities there set forth. In order to give effect to these


requirements within Australia, it is necessary to make regulations under the International Organizations (Privileges and Immunities) Act 1963.

Section 5 of the Act provides that regulations may be made to declare an international organization to be an international organization to which the Act applies. Section 6 of the Act provides that the regulations may confer upon such an international organization juridical personality, such legal capacities as are necessary for the exercise of the powers and the performance of its functions, and all or any of the privileges and immunities specified in the First Schedule to the Act.

Section 6 of the Act further provides that persons who hold office in the international organization may be granted all or any of the privileges and immunities specified in Part I of the Fourth Schedule to the Act, and that other persons connected with the international organization may be granted all or any of the privileges and immunities specified in Part I of the Fifth Schedule to the Act.

The regulations enclosed herewith have been prepared to give effect within Australia to the requirements of Chapter X of the Agreement.

Statutory Rules 1985

Overview

The International Organizations (Privileges and Immunities) Act 1963 was enacted by the Parliament of Australia to address the need for a legal framework that would allow international organizations to operate effectively within Australian jurisdiction. The Act provides a basis for conferring privileges and immunities upon international organizations and their staff, ensuring that these entities can function without undue legal interference. The 1963 Act was intended to facilitate Australia’s participation in global governance by enabling it to comply with international agreements that require the recognition of certain immunities and privileges for international organizations. The policy objective of the Act is to support the smooth operation of international organizations in Australia, thereby fostering cooperative international relations and the effective implementation of global agreements. In 1985, the enactment of the Common Fund for Commodities (Privileges and Immunities) Regulations under the authority of the Minister for Foreign Affairs, aimed to give effect to the privileges and immunities of the Common Fund for Commodities within Australia, in accordance with the requirements of the Agreement establishing the Fund and Chapter X of the International Organizations (Privileges and Immunities) Act 1963.

Scope and Application

The International Organizations (Privileges and Immunities) Act 1963 applies to international organizations that are designated under regulations made under the Act, and to their employees, officials, and other persons connected with such organizations. The Act provides for the conferral of juridical personality and legal capacities necessary for the exercise of powers and performance of functions, as well as the grant of privileges and immunities to these organizations and individuals. The enclosed regulations specifically pertain to the Common Fund for Commodities, established under an agreement signed by Australia on 20 May 1981, and ratified on 9 October 1981. These regulations provide the necessary framework within Australia to accord the status, privileges, and immunities required by Chapter X of the Agreement, thereby ensuring that the Fund and its operations can function effectively. The Act applies on a national level, and its scope can be extended or restricted through subordinate instruments, such as the enclosed regulations. The application of the Act is comprehensive, encompassing the conduct and transactions of designated international organizations and their personnel within the Australian jurisdiction.

Key Provisions

The International Organizations (Privileges and Immunities) Act 1963 (the Act) and the accompanying Statutory Rules 1985 No. 20 (the Regulations) together provide the legal framework for the implementation of privileges and immunities for the Common Fund for Commodities under Australian law. Section 5 of the Act allows for the declaration of an international organization, such as the Common Fund for Commodities, to which the Act applies. Section 6 further specifies that these regulations can confer juridical personality and legal capacities necessary for the organization’s functions, as well as various privileges and immunities as outlined in the schedules of the Act. The Regulations specifically target the Common Fund for Commodities to ensure it and its employees enjoy the status, privileges, and immunities as stipulated in Chapter X of the Agreement establishing the Fund. Under these provisions, the Act imposes obligations on the parties and entities it governs, primarily ensuring that the Fund and its employees are granted the necessary legal status and protections to perform their functions effectively. The Regulations aim to align Australian law with the requirements set forth in the Agreement, thereby facilitating the Fund's operations within Australia. This includes ensuring that the Fund and its officials are afforded the same privileges and immunities as those outlined in the Agreement, thereby protecting them from legal actions and jurisdictional interference. Failure to comply with the provisions of the Act and the Regulations may result in significant legal consequences. While the Act itself does not specify particular offences or penalties, breaches of the Regulations could lead to civil or criminal liabilities under Australian law. For instance, actions taken against the Fund or its employees that contravene the privileges and immunities granted by these laws could be challenged in court, potentially leading to legal remedies or sanctions. The severity of penalties would depend on the nature and extent of the breach, but could include fines or other legal sanctions prescribed by Australian law for non-compliance with international agreements and their domestic implementation.

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Area of Law
International Law
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Regulation
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Delegated & Subordinate Legislation
Privileges and Immunities
International Organizations

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Sourced from the Federal Register of Legislation at 26 August 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.