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CHRISTMAS ISLAND AGREEMENT ACT 1976 - SCHEDULE—Agreement

between the Government of Australia and the Government of New Zealand to amend the Christmas Island Agreement 1958

Section 3
The Government of Australia and the Government of New Zealand—
desiring to revise in part the Christmas Island Agreement 1958 (hereinafter referred to as "the Principal Agreement")
have agreed as follows:

Article 1

Article 6 of the Principal Agreement is amended:
(a) by omitting paragraph 3 and inserting in its stead the following paragraph:
"3. After the expenses referred to in paragraph 1 of this Article together with interest thereon as provided in that paragraph have been recouped, the Commission shall create a special fund (in this Article called the "fund") for the purpose of accumulating moneys to meet the cost of discharging from time to time those obligations towards the inhabitants of the Island which, and such other residual liabilities as, the two Governments agree are of a special nature and fall upon the Government of Australia.", and
(b) by omitting paragraphs 7 and 8 and inserting in their stead the following paragraphs:
"7. The two Governments shall consult together whenever necessary to assess what part or parts of the fund should be applied from time to time to meeting the cost of discharging the obligations and other residual liabilities referred to in paragraph 3 of this Article.
"8. (a) Such part or parts of the fund as has or have been so assessed shall be paid or transferred to the Government of Australia for the purpose of meeting the cost of discharging the said obligations and other residual liabilities.
(b) Whenever the two Governments agree that the purposes for which the fund was created have been satisfied, the fund shall be closed and the balance thereof equally divided between the two Governments."
Article 2

This Agreement shall come into force on the date on which the Government of Australia notifies the Government of New Zealand that it has completed the processes necessary in Australia to give effect to this Agreement.
IN WITNESS WHEREOF the undersigned, duly authorised thereto, have signed the present Agreement, and have affixed thereto their seals.
DONE at Canberra this eighth day of September 1976.

ANDREW PEACOCK


L. J. FRANCIS


For the Government of Australia


For the Government of New Zealand


(L.S.)


(L.S.)



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