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The source of this link is Constitute. The Constitute Project provides the World's constitutions (in English) to read, search and compare.
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.
FAO (Food and Agriculture Organization of the United Nations) and other development partners are working together with countries to prepare Voluntary Guidelines that will provide practical guidance to states, civil society, the private sector, donors and development specialists on the responsible governance of tenure. By setting out principles and internationally accepted standards for responsible practices, the Voluntary Guidelines will provide a framework and point of reference that stakeholders can use when developing their own policies and actions.
This Act amends the Nauru Lands Committee Act 1956. The amendments are set out in the Schedule to this Act and concern, among other things: the power of the Committee to determine the distribution of the personal estate of deceased Nauruans. ‘Personal estate’ means the personal property to which a deceased person was entitled at the time of the person’s death, and any share or interest in such property, that is: (a) subject to the law of Nauru; and (b) not real estate.
This Part of the Statute Law Revision Act 2011 amends the Nauru Lands Committee Act 1956 in section 2 by omitting the definition of "Council" and by generally replacing "Council" with "Cabinet". The Act also replaces section 8 on the validation of decisions of Central Court and Administrator made before the date of commencement of the Nauru Lands Committee Ordinance 1956.