Petroleum Fund Law No.9/2005 Consolidated 2011

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.9/2005 Consolidated 2011PDF
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Field	Value
Sector	Oil and Gas
Country	Timor-Leste
Year	2005
RGI Edition Year	2017
Topic	Beneficial ownership, Legislation and regulation, Open data, Revenue management, Sovereign wealth funds
Document Type	Statute
RGI Sub-component	Licensing
RGI Questions	1.1.7a: Are senior public officials required to publicly disclose their financial holdings in extractive companies?, 1.1.8b: From 2015 onwards, have the beneficial owners of extractive companies been disclosed?, 2.1.2a: Does the country have a numerical fiscal rule?, 2.3.1a: Are there numeric rules governing the size of withdrawals from the sovereign wealth fund?, 2.3.2c: From 2015 onwards, has the government adhered to the numeric rules governing the size of withdrawals from sovereign wealth funds?, 2.3.1c: Are there numeric rules governing the size of deposits into the sovereign wealth fund?, 2.3.3a: Is the sovereign wealth fund prohibited from investing in domestic assets without budgetary approval?, 2.3.5b: Is the sovereign wealth fund required to publicly disclose these annual financial reports?, 2.3.5d: Is the legislature required to review the sovereign wealth fund's annual financial reports?
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	National Parliament
Author	National Parliament
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