... stop the mining leases being granted. In the 150-page judgement it was decided that "communal native title" had never formed part of Australian law. In 1985, the Queensland government had passed the Coast Islands Declaratory Act, which stated that the islands in the Torres Strait, where Murray Island is situated, were a ... , use and enjoy the Murray Islands. In its decision the court acknowledged that common law must recognise the concept of "native title" but the title could be extinguished by a valid act of either the state or federal parliaments expressing a plain and clear intention...

• Word Count: 2831
• Approx Pages: 11
• Has Bibliography
• Grade Level: Undergraduate

... that an importer or a buyer wants, and then sells them to him at an agreed mark-up. This technique is usually used for financing trade, but because the bank takes title to the goods, and is therefore engaged in buying and selling, its profit derives from a real service that entails a certain risk, and is thus seen as legitimate. Simply advancing the ... the profits of the project being financed, but also share the risk of unexpectedly low profits, or even losses. They have no say in the management of the project, but act as non-voting shareholders. Salam: A buyer pays in advance for a s...

• Word Count: 3690
• Approx Pages: 15
• Grade Level: Undergraduate