Petroleum Fund Law No.9/2005

This document is part of the source library for NRGI's 2017 Resource Governance Index, a comprehensive measure of the quality of natural resource governance in oil, gas and mineral-rich countries. To access the full dataset and all other index resources, visit https://resourcegovernanceindex.org.

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Petroleum Fund Law No.9/2005PDF
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Field	Value
Sector	Oil and Gas
Country	Timor-Leste
Year
RGI Edition Year	2017
Topic	Revenue management, Revenue sharing, Sovereign wealth funds, State-owned enterprises, Subnational governance, Tax policy and revenue collection
Document Type	Statute
RGI Sub-component	Subnational resource revenue sharing
RGI Questions	1.2.6a: Is the government required to make all payments to the national treasury or deposit them into a national resource account, aside from amounts legally retained by SOEs?, 1.2.6c: Is the national tax authority required to periodically be audited by an external body?, 2.2b: Are there specific rules governing the transfer of extractive resource revenues (i.e. are these rules distinct from those governing other types of transfers)?, 2.2c: Do rules specify that subnational governments of producing areas should receive a higher share of extractive resource revenues than those of non-producing areas?, 2.2.2a: Do rules specify a formula governing the transfer of extractive resource revenues between the central government and subnational governments?, 2.2.5a: Were transfers of extractive resource revenues to subnational governments externally audited over the most recently completed audit timeframe?, 2.3a: Does the country have a natural resource fund which is funded by extractive resource revenues?, 2.3b: If there are multiple natural resource funds, which is the largest?
Did this document contribute to RGI scoring?	Used for scoring
Are the RGI questions here tagged with law and/or practice	Law and Practice (Both)
Publisher	Ministry of Finance
Author
Source or API link	https://www.bancocentral.tl/Download/Publications/PFund%20Law%202011%20Consolidated_en.pdf
Maintainer	Natural Resource Governance Institute
Maintainer Email	Natural Resource Governance Institute