Timor Sea Treaty definition

Timor Sea Treaty means the Timor Sea Treaty between the Government of East Timor and the Government of Australia (Dili, 20 May 2002); and

Timor Sea Treaty means the Timor Sea Treaty dated 20 May 2002 between the Government of the Democratic Republic of Timor-Leste and the Government of Australia;

Timor Sea Treaty means the Timor Sea Treaty dated 20 May 2002 between the Government of the Democratic Republic of Timor-Leste and the Government of Australia, as amended, varied, modified, or replaced from time to time;

Examples of Timor Sea Treaty in a sentence

• As soon as practicable, the Designated Authority shall enter into the Greater Sunrise Production Sharing Contract under conditions equivalent to those in Production Sharing Contracts JPDA 03-19 and JPDA 03-20, and to the legal rights held under Retention Leases NT/RL2 and NT/RL4 in accordance with Article 22 of the Timor Sea Treaty and Article 27 of the International Unitisation Agreement.

• The text of Article 22 of the Timor Sea Treaty relating to the duration of that Treaty is replaced by the following: “This Treaty shall be in force for the duration of the Treaty between the Government of Australia and the Government of the Democratic Republic of Timor-Leste on Certain Maritime Arrangements in the Timor Sea.

• Notwithstanding paragraph 2 of this Article, the JPDA will continue to be governed by the terms of the Timor Sea Treaty and associated instruments.

• Except as otherwise provided for in this Treaty, nothing contained in this Treaty, and no actions taken pursuant to it, shall be interpreted as amending or revoking any terms of the Timor Sea Treaty or the Sunrise IUA.

• The Timor-Leste revenue component means taxation revenue collected from first tranche petroleum, profit petroleum and all profit-based income taxes calculated and levied by annual assessment pursuant to the Timor Sea Treaty, or subsequent taxes of a similar nature, but excludes Value Added Tax or income tax withheld monthly or similar taxes, or subsequent taxes of a similar nature.

• The application of the Parties' taxation law shall be specified in the fiscal regime as agreed between the Parties and the Greater Sunrise Contractor, in accordance with obligations under Article 22 of the Timor Sea Treaty and Article 27 of the International Unitisation Agreement.

• Timor Sea Treaty means the Treaty defined by subsection 5(1) of the Petroleum (Timor Sea Treaty) Act 2003.

• In 2003, RDTL and Australia established Timor Sea Treaty (TST) that provides the framework for all petroleum exploration and development in JPDA.

• Inter-State arbitration 2015: Timor-Leste v Australia, Arbitration under the Timor Sea Treaty (PCAcase 2015-42).2013: Timor Leste v Australia, Arbitration under the Timor Sea Treaty (PCA case 2013-16).

• The JPDA is governed by the 2002 Timor Sea Treaty (TST), under which Timor- Leste and Australia agreed to split JPDA revenue 90/10 in favor of Timor-Leste.

More Definitions of Timor Sea Treaty

Timor Sea Treaty means the Timor Sea Treaty signed on 20 May 2002 between the Government of the Democratic Republic of Timor-Leste and the Government of Australia, which ceased to be in force as from the entry into force of the Maritime Boundaries Treaty.

Timor Sea Treaty means the Timor Sea Treaty between Australia and East Timor, done on 20 May 2002 [2003] ATS 13, as amended from time to time.

Timor Sea Treaty means the Timor Sea Treaty dated 20 May 2002 between the

Timor Sea Treaty means the Timor Sea Treaty dated 20 May 2002 between the Government of the Democratic Republic of Timor-Leste and the Government of Australia. means the Trust Fund for East Timor established under the TrustComment [A1]: Question for TL: Does this still exist? If not, we can delete it.