Economic Transformation Act 2024 · As enacted · Part V
142. Financial interest of the members
Official English translation. The Sinhala text prevails.
Official translationFrom Department of Government Printing, unchanged
The President shall, prior to appointing a person as an appointed member of the Productivity Commission, require such person to declare that neither he nor his family has financial or other similar interest in the affairs of the
Productivity Commission which is likely to affect prejudicially the performing and discharging of his duties and functions as a member of the Productivity Commission and the President shall satisfy himself of the matters so disclosed.
The President shall also satisfy himself, from time to time, that no appointed member of the Productivity
Commission has since being appointed to the Productivity
Commission acquired any such financial or other similar interest.
A member of the Productivity Commission who is directly or indirectly interested in any contract, agreement, business or any other matter made or proposed to be made by the Productivity Commission, shall forthwith disclose the nature and extent of his interest to the Productivity
Commission and the President, as the case may be.
Every such disclosure shall be recorded in the minutes of the Productivity Commission and such member shall not thereafter take part in any matter concerning the Productivity
Commission with regard to such contract, agreement, business or other matter.
The Productivity Commission shall maintain a register or a record of conflict of interest on case-by-case basis.