Commission on Revenue Allocation

(1) There is established the Commission on Revenue Allocation. (2) The Commission shall consist of the following persons appointed by the President— (a) a chairperson, who shall be nominated by the President and approved by the National Assembly; (b) two persons nominated by the political parties represented in the National Assembly according to their proportion of members in the Assembly; (c) five persons nominated by the political parties represented in the Senate according to their proportion of members in the Senate; and (d) the Principal Secretary in the Ministry responsible for finance. (3) The persons nominated under clause (2) shall not be members of Parliament. (4) To be qualified to be a member of the Commission under clause (2)(a), (b) or (c), a person shall have extensive professional experience in financial and economic matters.