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Nauru Sessional Legislation |
REPUBLIC OF NAURU
Nauru Phosphate Royalties (Payment and Investment) (Amendment) Act 2011
Act No. 21 of 2011
Contents
1 Short title
2 Commencement
3 Amendment of Act
SCHEDULE – AMENDMENT OF ACT
______________________________
An Act to amend the Nauru Phosphate Royalties (Payment and Investment) Act 1968
Certified on 20 December 2011
Enacted by the Parliament of Nauru as follows:
1 Short title
This Act may be cited as the Nauru Phosphate Royalties (Payment and Investment) (Amendment) Act 2011.
2 Commencement
This Act commences on certification.
3 Amendment of Act
The Schedule amends the Nauru Phosphate Royalties (Payment and Investment) Act 1968.
____________________
SCHEDULE – AMENDMENT OF ACT
section 3
[1] Amendment of section 11
1.1 Section 11(3)(a)
omit
and thirteenth columns and fourteenth columns
substitute
, thirteenth, fourteenth or fifteenth column
1.2 Section 11(4)(b) and (5)
omit (all references)
and thirteenth columns and fourteenth columns
substitute
, thirteenth, fourteenth and fifteenth columns
[2] Amendment of Second Schedule
Second Schedule, after column 14
insert
(15) |
From the date of the commencement of the Nauru Phosphate Royalties (Payment and Investment) (Amendment) Act 2011 |
$ |
$ |
If the price at which the phosphate is sold is: (a) $120 per tonne or more – $14.00; or (b) less than $120 per tonne – $12.00. |
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URL: http://www.paclii.org/nr/legis/num_act/npraia2011619