Common use of THE JOINT AUTHORITY Clause in Contracts

THE JOINT AUTHORITY. 1. A Joint Authority is hereby established. 2. The Joint Authority shall have juridical personality and such legal capacities under the law of both Contracting States as are necessary for the exercise of its powers and the performance of its functions. In particular, the Joint Authority shall have the capacity to contract, to acquire and dispose of movable and immovable property and to institute and be party to legal proceedings. 3. The Joint Authority shall be responsible to the Ministerial Council. 4. Decisions of the Executive Directors of the Joint Authority shall be arrived at by consensus. Where consensus cannot be reached, the matter shall be referred to the Ministerial Council. 5. Unless otherwise decided by the Ministerial Council, the Joint Authority shall have its head office in the Republic of Indonesia and an office in Australia, each of which shall be headed by an Executive Director. 6. The Joint Authority shall commence to function on entry into force of this Treaty.

THE JOINT AUTHORITY. 1. A Joint Authority is hereby established. 2. The Joint Authority shall have juridical personality and such legal capacities under the law of both Contracting States as are necessary for the exercise of its powers and the performance of its functions. In particular, the Joint Authority shall have the capacity to contract, to acquire and dispose of movable and immovable property and to institute and be party to legal proceedings. 3. The Joint Authority shall be responsible to the Ministerial Council. 4. Decisions of the Executive Directors of the Joint Authority shall be arrived at by consensus. Where consensus cannot be reached, the matter shall be referred to the Ministerial Council. 5. Unless otherwise decided by the Ministerial Council, the Joint Authority shall have its head office in the Republic of Indonesia and an office in Australia, each of which shall be headed by an Executive Director. 6. The Joint Authority shall commence to function on entry into force of this Treaty.