5.
| (1) Every appointed member shall, unless he resigns or is removed from, or otherwise vacates office hold office for a period of three years. |
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| (2) An appointed member may at any time resign his office by a letter to that effect addressed to the Minister and such resignation shall take effect upon it being accepted by the Minister. |
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| (3) Where any appointed member is temporarily unable to discharge the functions of his office on account of ill health, absence from Sri Lanka or any other cause, the Minister may appoint some other person to act in his place. |
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| (4) The Minister may, remove any appointed member from office for reasons assigned, and thereupon that member shall be deemed to have vacated his office. |
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| (5) Where an appointed member vacates office by resignation, removal or otherwise, the Minister may appoint another person in his place and the person so appointed may hold office for the unexpired period of the term of office of the member whom he succeeds. |
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| (6) An appointed member vacating office by effluxion of time shall be eligible for re-appointment. |
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| (7) The members of the Council may be paid such remuneration as the Minister may determine in consultation with the Minister in charge of the subject of Finance. |
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| (8) Subject to the other provisions of this Act and any regulation made thereunder, the Council may regulate the procedure in regard to its meetings and the transaction of business at such meetings. |
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Sri Lanka Consolidated Acts