Having started by the name Buddhasravaka Dharma Peethaya in the year 1969, this great educational institution was renamed as Buddhasravaka Bhiksu University in the year 1996 and Bhiksu University of Sri Lanka in the year 2012 but the objective of the first University Act remains unchanged. The administrative structure of the University consists of the Supreme Council, the Council and the Senate and the Faculty Boards for administering academic matters.