7.
| (1) The Minister of Finance may make regulations in respect of all matters for which regulations are authorized to be made under this Act. |
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| (2) Every regulation made by the Minister under sub-section (1) shall be published in the Gazette and shall come into operation on the date specified in that behalf in the regulation or, if no date is so specified, on the date on which it is so published. |
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| (3) Regulations made by the Minister under subsection (1) authorizing the deduction of contributions to the Pension Scheme from the pay and allowances of, or from other moneys due to or in respect of, contributors and prescribing the procedure for making such deductions shall have effect notwithstanding anything to the contrary in any other written law. |
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| (4) Every regulation made by the Minister under sub-section (1) shall, as soon as practicable, be brought before the Senate and the House of Representatives by a motion that such regulation shall be approved. |
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| (5) Any regulation which the Senate or the House of Representatives refuses to approve shall be deemed to be rescinded but without prejudice to the validity of anything previously done thereunder. The date on which a regulation shall be so deemed to be rescinded shall be the date on which the Senate or the House of Representatives refuses to approve. |
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| (6) Notification of the date on which any regulation made by the Minister under sub-section (1) is deemed to be rescinded shall be published in the Gazette. |
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Sri Lanka Consolidated Acts