On November 23 1955, the islands were transferred to Australian control under the "Cocos (Keeling) Islands Act 1955". In the 1970s, Australian government dissatisfaction with the Clunies-Ross feudal style of rule of the island increased. In 1978, Australia forced the family to sell the islands for the sum of AU$6,250,000, using the threat of compulsory purchase. By agreement the family retained ownership of Oceania House, their home on the island. However, in 1983 the Australian government moved to dishonour this agreement, and told the former last ruler, John Clunies-Ross, that he should leave the Cocos. The following year the High Court of Australia ruled that the government could not buy Oceania House. Instead the Australian government ordered that no government business was to be given to his shipping company, an action which contributed to his bankruptcy. John Clunies-Ross lives in exile in Perth, Australia, but his successors still live on the Cocos.