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Contents

Part IX · General

36. Provisions of this Act to prevail over other written law

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

The provisions of this Act shall have effect notwithstanding anything to the contrary in any other written law and accordingly, in the event of any inconsistency or conflict between the provisions of this Act and such other written law, the provisions of this Act shall prevail.

(2)

Without limiting the generality of subsection (1), the provisions of this Act shall prevail in relation to the authority of the Minister to borrow, issue Government debt securities, loan guarantees, supplier’s credit agreements and finance lease agreements and the appointment of primary dealers to facilitate primary and secondary market transactions in

Government debt securities.