Functions of the Ministerial Council Sample Clauses

Functions of the Ministerial Council. The functions of the Ministerial Council are—
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Functions of the Ministerial Council. 1. The Ministerial Council shall have overall responsibility for all matters relating to the exploration for and exploitation of the petroleum resources in Area A of the Zone of Cooperation and such other functions relating to the exploration for and exploitation of petroleum resources as the Contracting States may entrust to it. The functions of the Ministerial Council shall include:
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Functions of the Ministerial Council. (a) to consider and determine outcomes and objectives on major policy issues of common interest to the Contracting Governments in relation to the management of the water and other natural resources of the Xxxxxx-Xxxxxxx Basin, including in relation to its role in the provision of critical human water needs, but otherwise only in so far as those issues are not provided for in the Basin Plan;
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Functions of the Ministerial Council. The Ministerial Council shall have overall responsibility for all matters relating to the exploration for and exploitation of the petroleum resources in Area A of the Zone of Cooperation and such other functions relating to the exploration for and exploitation of petroleum resources as the Contracting States may entrust to it. The functions of the Ministerial Council shall include: giving directions to the Joint Authority on the discharge of its functions; of its own volition or on recommendation by the Joint Authority, in a manner not inconsistent with the objectives of this Treaty, amending the Petroleum Mining Code to facilitate petroleum operations in Area A; of its own volition or on recommendation by the Joint Authority, in a manner not inconsistent with the objectives of this Treaty, modifying the Model Production Sharing Contract to facilitate petroleum operations in Area A; approving production sharing contracts which the Joint Authority may propose to enter into with corporations; approving the termination of production sharing contracts entered into between the Joint Authority and corporations; approving the variation of the following provisions of a production sharing contract, with the agreement of the contractor: the Joint Authority's or the contractor's production share; the operating cost recovery provisions; the term of the contract; and the contract area relinquishment provisions; approving the variation of the annual contract service fee; giving approval to the Joint Authority to market any or all petroleum production in circumstances determined by the Ministerial Council; approving the transfer of rights and responsibilities by contractors to other corporations that will then become contractors; approving the distribution to Australia and the Republic of Indonesia of revenues derived from production sharing contracts in Area A; through consultation, settling disputes in the Joint Authority; approving financial estimates of income and expenditure of the Joint Authority; approving rules, regulations and procedures for the effective functioning of the Joint Authority including staff regulations; reviewing the operation of this Treaty and making recommendations to the Contracting States that the Council may consider necessary for the amendment of this Treaty; appointment of the Executive Directors of the Joint Authority; at the request of a member of the Ministerial Council inspecting and auditing the Joint Authority's books and accounts; a...
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Related to Functions of the Ministerial Council

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