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National Competitiveness Commission Bill

The Bill seeks to repeal and replace the National Incomes and Pricing Act [Chapter 14:32] and to provide for the establishment of the National Competitiveness Commission and to provide for its functions and management.
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The individual clauses of the Bill are explained below:

Clause 1
This clause sets out the short title of the Bill.

Clause 2
This clause provides certain definitions of terms used in the Bill.

Clause 3
This clause provides that the State is to be bound by the provisions of this Act.

Clauses 4, 5 and 6
These clauses provide for the establishment of the National Competitiveness Commission, its composition, as well as its functions and powers.

Clause 7
This clause provides for the policy direction of the Commission. In particular, it states that the Minister may give the Commission general directions relating to the policy the Commission is to observe in the exercise of its functions.

Clause 8
This clause provides for the execution of contracts and instruments by the Commission.

Clause 9
This clause provides that the Commission shall prepare a report on all its activities and submit it to the Minister.

Clauses 10 and 11
These clauses provide for the appointment of the Executive Director of the Commission and the employment of persons necessary for the conduct of the business of the Commission.

Clauses 12, 13, 14, 15 and 16
These clauses relate to the financial powers of the Commission. In particular they set out what the funds of the Commission consist of, that money not immediately required by the Commission may be invested and also that auditors shall be appointed with the Minister’s approval to audit the Commission and give reports, statements or explanations in connection with the Commission’s activities, funds and property.

Clauses 17, 18 and 19
These general clauses provide for the powers of the Executive Director to obtain information, preservation of secrecy by every person engaged by the Commission, unless he or she is required to do so by order of a competent court. It provides that no liability shall attach to the Commission for any loss or damage sustained by any person as a result of the exercise or performance of any function in good faith.

Clauses 20 and 21
These clauses provide for regulations that can be made in relation to the Commission as well as repeal the National Incomes and Pricing Act.

Clause 22 This clause provides for transitional necessities to the effect that any regulations which were made by the Minister under the repealed Act and which were in force immediately before the appointed day shall continue in force as if they had been made by the Commission.
Last modified on Monday, 26 September 2016 13:59
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