AUSTRALIAN TAX TREATIES

East Timor Sea Treaty  

TIMOR SEA TREATY BETWEEN THE GOVERNMENT OF EAST TIMOR AND THE GOVERNMENT OF AUSTRALIA  

Annex D under Article 6(c)(ii) of this Treaty  

Powers and Functions of the Joint Commission

1   The powers and functions of the Joint Commission shall include:


(a) giving directions to the Designated Authority on the discharge of its powers and functions;


(b) conferring additional powers and functions on the Designated Authority;


(c) adopting an interim Petroleum Mining Code pursuant to Article 7(b) of the Treaty, if necessary;


(d) approving financial estimates of income and expenditure of the Designated Authority;


(e) approving rules, regulations and procedures for the effective functioning of the Designated Authority;


(f) designating the Designated Authority for the period referred to in Article 6(b)(i) ;


(g) at the request of a member of the Joint Commission inspecting and auditing the Designated Authority ' s books and accounts or arranging for such an audit and inspection;


(h) approving the result of inspections and audits of contractors ' books and accounts conducted by the Joint Commission;


(i) considering and adopting the annual report of the Designated Authority;


(j) of its own volition or on recommendation by the Designated Authority, in a manner not inconsistent with the objectives of this Treaty amending the Petroleum Mining Code to facilitate petroleum activities in the JPDA;

2   The Joint Commission shall exercise its powers and functions for the benefit of the peoples of Australia and East Timor having regard to good oilfield, processing, transport and environmental practice.




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