This thesis argues that the recognition, support and regulation by the Government of the Democratic Socialist Republic of Sri Lanka (hereafter known as Sri Lanka) of healing and wellbeing practices play an important role in determining, promoting, protecting or destroying the traditional cultural aspects of healing. To make this argument this thesis looks into four aspects of healing and wellbeing in Sri Lanka. The first aspect the thesis examines is the diversity of healing and wellbeing practices in Sri Lanka. The second aspect is to consider how structured, formal healing systems, such as Western allopathic healing, Ayurveda, Siddha, Unani, Acupuncture and Homeopathy are more likely to be recognised, supported and regulated by the Government of Sri Lanka, while the informal healing systems such as inter-generational healing and cosmic healing practices are less likely to be recognised, supported and regulated. The third aspect this thesis focuses on is questioning the definitions of traditional knowledge in practical application in the Sri Lankan context, and, more broadly, the use of traditional knowledge as legal, social and cultural categories. The fourth aspect that is explored are the issues related to protecting the traditional cultural aspects of healing in the process of systematic regulation by discussing inter-generational and cosmic healing practices.