Consumer Protection (Amendment)

Consumer Protection (Amendment) AN ACT TO AMEND THE CONSUMER PROTECTION ACT, NO. 1 OF 1979. BE it enacted by the Parliament of the Democratic Socialist Republic of Sri Lanka as follows : Short title. 1. This Act may be cited as the Consumer Protection (Amendment) Act, No, 37 of 1980. Insertion of new section 33a in Act No. 1 of 1979. 2. The following new section is hereby inserted immediately after section 33, and shall have effect as section 33A, of the Consumer Protection Act, No. 1 of 1979 : Consumer Protection Fund. 33A. (1) A fund to be called the Consumer Protection Fund (hereafter in this section referred to as the ” the Fund “) is hereby established. (2) There shall be paid into Fund (a) such sums of money as may be voted from time to time by Parliament for the purpose of consumer education or any purpose connected therewith or incidental thereto ; (b) all fines imposed by the court for any offence under this Act; (c) fifty per centum of the proceeds of the sale of any articles forfeited under this Act ; and (d) such sums of money as may be made by way of grant or donation to the Fund by any person or body of persons, whether corporate or unincorporate, (3) There shall, be paid out of the Fund such sums of money as the Commissioner may consider necessary – (a) for the promotion, assistance and encouragement of consumer organizations and the administration and development of such organizations ; (b) for consumer education and the dissemination of information relating thereto, and for any purpose connected with or incidental to the furtherance of such education. (4) The Commissioner shall be responsible for the administration of the Fund. (5) The accounts of the Fund shall be audited by the Auditor-General