Actually, the
Christmas Island government (inexplicably, an
external territory of
Australia gets its own country code) weren't getting
jack from the sale of .cx, which was managed by a British company selling second-level domains on a first-come, first-served basis for ten pounds a year. Unsurprisingly, the govt soon clicked onto just how much one of these
TLD dealies could profit a small island like theirs (for example,
.tv is by far the number one export for
Tuvalu).
Nowadays, .cx is under a slightly different multiple-whoring arrangement (many registrars, one registry) where Christmas Island gets roughly ten bucks a year per domain.