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{
    "id": 249692,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/249692/?format=api",
    "text_counter": 348,
    "type": "speech",
    "speaker_name": "Mr. Kimunya",
    "speaker_title": "The Minister for Finance",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": " Mr. Speaker, Sir, pursuant to the order you gave in the House on the matter of the operationalisation of the Privatisation Act, I wish to issue the following Statement on the status of the operationalisation of that Act. Mr. Speaker, Sir, the privatisation Act contemplates that there will be ongoing transactions prior to the commencement of the Act. For this reason, it provides in the Third Schedule, transition provisions that:- \"Upon the coming into operation of this Act, the Commission shall take over the implementation and management of any ongoing process leading to privatisation in a class set out in Section 22(3).\" Mr. Speaker, Sir, there is, therefore, need for the Commission to be functional from the outset, so that it is in a position to take the ongoing transactions. To achieve a functional state from the outset, it is necessary that the officers that comprise the Commission are appointed immediately on the coming into effect of the Act. Mr. Speaker, Sir, Section 5(1) of the Act provides for the various officers appointed by the President, the Attorney-General, the Permanent Secretary to the Treasury, seven members not being public officers appointed by the Minister---"
}