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RONWAN Consolidation Act 2014 (No. 23 of 2014).

País/Territorio
Nauru
Tipo de documento
Legislación
Fecha
2014
Fuente
FAO, FAOLEX
Título completo
An Act to make provision for the vesting and distribution of the Nauruan Land Owners Royalty Trust Fund, for the winding up of dormant Funds, for the dissolution of Nauru Phosphate Royalties Trust and for related matters.
Materia
Agricultura y desarrollo rural, Tierra y suelos
Palabra clave
Fondo especial Gobernanza Derechos/cánones
Área geográphica
Asia y Pacifico, Micronesia, Oceania, Pequeños estados insulares en desarrollo, Pacífico Sur
Resumen

This Act winds up the Nauruan Land Owners Royalty Trust Fund, the Nauru Rehabilitation Fund and other dormant funds. It also requires the Cabinet may make regulations prescribing any matter or thing required or authorised by this Act to be prescribed or which is necessary or convenient to be prescribed for carrying out or giving effect to this Act. The Nauru Phosphate Royalties Trust (NPRT) was a sovereign wealth fund developed by the government of the Republic of Nauru in which the government invested money from the state owned mining company, Nauru Phosphate Corporation. This money was then re-invested in a real estate portfolio, among other things, to provide the government with a reliable national income following the depletion of minable phosphates on the island. Any person who has a dispute about land ownership details must initiate such claim or dispute with the Lands Committee by a specified date.

Texto completo
Inglés
Página web
www.paclii.org