Diplomatic Privileges (Nauru Intergenerational Trust Fund) Order 2021

2021/334

Coat of Arms of New Zealand

Diplomatic Privileges (Nauru Intergenerational Trust Fund) Order 2021

Cindy Kiro, Governor-General

Order in Council

At Wellington this 26th day of October 2021

Present:
The Right Hon Jacinda Ardern presiding in Council

This order is made under section 9 of the Diplomatic Privileges and Immunities Act 1968 on the advice and with the consent of the Executive Council.

Order

1 Title

This order is the Diplomatic Privileges (Nauru Intergenerational Trust Fund) Order 2021.

2 Commencement

This order comes into force on the 28th day after the date of its notification in the Gazette.

3 Interpretation

In this order, Nauru Intergenerational Trust Fund means the Intergenerational Trust Fund for the People of the Republic of Nauru, established by the Government of the Republic of Nauru on or about 6 November 2015.

4 Declaration as to Nauru Intergenerational Trust Fund

The Nauru Intergenerational Trust Fund is an organisation of which the Governments of 2 or more States are members.

5 Body corporate

The Nauru Intergenerational Trust Fund has the legal capacities of a body corporate.

6 Exemption from income tax

The Nauru Intergenerational Trust Fund is exempt from income tax.

Michael Webster,
Clerk of the Executive Council.

Explanatory note

This note is not part of the order, but is intended to indicate its general effect.

This order, which comes into force on the 28th day after the date of its notification in the Gazette, gives effect to New Zealand’s obligations under the Memorandum of Arrangement between the Government of the Republic of Nauru and the Government of New Zealand Regarding an Intergenerational Trust Fund for the People of Nauru. The order provides that the Nauru Intergenerational Trust Fund has the legal capacities of a body corporate and is exempt from paying income tax.

Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 28 October 2021.

This order is administered by the Ministry of Foreign Affairs and Trade.