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MEETING WITH COUNCIL OF MINISTERS, A STEP TOWARD RATIFICATION OF MARITIME BOUNDARY TREATY Featured

Minister of State Presidency Council of Ministers, Hermenegildo Agusto Pereira and former Foreign Minister for Australia Julie Bishop sign the Maritime border between the Australia and East Timor in New York (06/03/2018) Minister of State Presidency Council of Ministers, Hermenegildo Agusto Pereira and former Foreign Minister for Australia Julie Bishop sign the Maritime border between the Australia and East Timor in New York (06/03/2018) Photo ABC

Sally Rummery

A meeting with the Council of Ministers has seen a proposal for resolution legislation needed to ratify the Maritime Boundary Treaty between Timor-Leste and Australia successfully submitted to the National Parliament.

The meeting, held in Dili last week, saw the Council of Ministers review and approve a draft law for the adaptation of tax laws to allow Timor-Leste to collect taxes from oil exploration activity in its waters. The changes are expected to increase tax revenue for Timor-Leste, with the ratification of the Treaty allowing the taxation of areas that were formerly shared with Australia, or exclusively Australian.

The Council of Ministers saw a summary and the outcome of the negotiation process with oil companies currently operating in the joint development area (JDPA) and under licenses issued by Australia. The President of the National Petroleum and Mineral Authority, Gualdino da Silva, says Timor-Leste will undertake to guarantee these companies conditions equivalent to those of the JPDA and the Australian licenses, as they operate on what are now Timor-Leste waters.

East Timorese Minister of State, Agio Pereira, says the government is predicting the final ratification of Timor-Leste and Australia’s maritime boundaries to be before the end of August.

“We plan to have ratification by August 30th. We hope that there will be an exchanging of notes with the National Parliament to confirm that the communal treaty between Australia and Timor-Leste is ratified before then”.

The Council also reviewed draft laws to establish a specific labour and migration regime for the exploration of the Bayun-Undan oil field and approved two proposals for the adaptation of the Law on Petroleum Activities and the Law of the Petroleum Fund to the regime resulting from the new Treaty.

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Last modified on Thursday, 18 July 2019 11:57
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