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Contents

Part III · Director-General and The staff of the Authority

18. Staff of the Authority

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

The Authority may, subject to the provisions of this Act, -

(a)

appoint, dismiss and exercise disciplinary control over such staff as may be deemed necessary by the Authority to carry out the functions of the

Authority;

(b)

determine the terms and conditions of service of the officers and employees of the Authority; and

(c)

fix the rates at which such officers and employees shall be remunerated in consultation with the Minister.

(2)

Without prejudice to the provisions of subsection (1)

of section 15, the Authority may in writing delegate to any officer of the Authority any of its powers under this Act, so however, that the Authority shall remain and continue to remain responsible for any act or thing done or omitted to be done by such officer in the exercise of such powers delegated to him.

(3)

Rules may be made by the Authority in respect of all or any of the matters referred to in subsection (1).

(4)

Subject to and in accordance with such rules, if any, as may be made by the Authority on that behalf, the Authority may in writing authorise any officer of the Authority to represent the Authority for any of the purposes of this Act, so however, that the Authority shall remain to be responsible for any act or thing done or omitted to be done by such officer in representing the Authority under such authorisation.

(5)

At the request of the Authority any officer in the public service may, with the consent of such officer and the Public Service Commission be temporarily appointed to the Authority for such period as may be determined by the

Authority or with like consent be permanently appointed to such staff.

(6)

Where any officer in the public service is temporarily appointed to the staff of the Authority, the provisions of subsection (2) of section 14 of the National Transport

Commission Act, No. 37 of 1991, shall mutatis mutandis apply to and in relation to such officer.

(7)

Where any officer in the public service is permanently appointed to the staff of the Authority, the provisions of subsection (3) of section 14 of the National Transport

Commission Act, No. 37 of 1991, shall mutatis mutandis, apply to and in relation to such officer.

(8)

Where the Authority employs any person who has agreed to serve the Government for a specified period, any period of service to the Authority by that person shall be regarded as service to the Government for the purpose of discharging the obligations of such agreement.

(9)

The Authority shall not appoint any person to the staff of the Authority where such person –

(a)

has been found guilty of serious misconduct;

(b)

has been previously dismissed from office for malpractice; or

(c)

has committed a breach of the provisions of this

Act or rules made thereunder.

Part IV

Moneylenders

Part V

Microfinance Business

Part VI

Regulation of Moneylenders and microfinance institutions

Part VII

Examination of A Licencee

Part VIII

Customer Protection

Part IX

Investigation of Offences

Part X

Offences and Penalties

Part XI

Finance

Part XII

General

Part XIII

Transitional Provisions

Schedules