REPUBLIC OF NAURU
Nauru Phosphate Royalties (Payment and Investment) (Amendment) Act 2011

Act No. 21 of 2011

Contents 

1 Short title
2 Commencement 
3 Amendment of Act 
SCHEDULE – AMENDMENT OF ACT 

______________________________

An Act to amend the Nauru Phosphate Royalties (Payment and Investment) Act 1968 

Certified on 20 December 2011 

Enacted by the Parliament of Nauru as follows: 

1 Short title 

This Act may be cited as the Nauru Phosphate Royalties (Payment and Investment) (Amendment) Act 2011. 

2 Commencement 

This Act commences on certification. 

3 Amendment of Act 

The Schedule amends the Nauru Phosphate Royalties (Payment and Investment) Act 1968. 

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SCHEDULE – AMENDMENT OF ACT

section 3 

[1] Amendment of section 11

1.1 Section 11(3)(a) 

omit 
and thirteenth columns and fourteenth columns 
substitute 
, thirteenth, fourteenth or fifteenth column 

1.2 Section 11(4)(b) and (5) 

omit (all references) 
and thirteenth columns and fourteenth columns 
substitute 
, thirteenth, fourteenth and fifteenth columns 

[2] Amendment of Second Schedule 

Second Schedule, after column 14 

insert 

(15)	
From the date of the commencement of the Nauru Phosphate Royalties (Payment and Investment) (Amendment) Act 2011 
	
$	
$	
If the price at which the phosphate is sold is: 

(a) $120 per tonne or more – $14.00; or 

(b) less than $120 per tonne – $12.00.