Legal Framework
From The Report: Papua New Guinea 2017
View in Online Reader

This chapter examines the laws that affect operations of foreign companies as well as regulative acts that protect land and resources. New securities legislation – yet to be implemented – is also explained.

This chapter contains a viewpoint from Michael Sullivan, Partner, Leahy Lewin Lowing Sullivan.

Articles from this Chapter

Overview

Rules and regulations: An overview of the laws and legislation that underpin PNG
OBG
plus

Governments & Their Powers There are three levels of government in Papua New Guinea: the national, provincial and local-level governments. The Constitution and the Organic Law on Provincial Government and Local-Level Government (Organic Law) regulate the legislative powers of the national, provincial and local-level governments. Each level has its own distinct law-making powers. The law-making powers of the National Parliament are covered in section 41 of the Organic Law; the powers…

Viewpoint

Cause and effect: Michael Sullivan, Partner, Leahy Lewin Lowing Sullivan, on recent legislative changes and the end of the country’s independent stock exchange
OBG
plus

Viewpoint: Michael Sullivan The last two years have seen the Parliament enact a variety of new legislative acts, much of which is of a high standard. New acts include the Kumul Legislation, which is designed to positively effect the current government’s agenda for state-owned enterprises and businesses, along with the holding of the state’s interest in mining projects and oil and gas projects. Other legislative highlights include the new personal property security legislation, amendments to…