(1)  The Authority is to give the Minister an annual report in respect of each financial year.

(2)  The annual report is to include –

(a) a report on the performance and exercise of the Authority's functions and powers; and

(b) the financial statements of the Authority; and

(c) the Auditor-General's report on those financial statements; and

(d) any information that the Minister requires, by written notice provided to the Authority, to be included; and

(e) any other information that the Authority considers appropriate to be included.

(3)  The financial statements included in the annual report are to –

(a) be prepared and certified as specified in a direction given under subsection (4) ; and

(b) present fairly –

(i) the financial transactions of the Authority during the financial year to which the report relates; and

(ii) the state of affairs of the Authority at the end of that financial year; and

(c) be given to the Auditor-General not later than 15 August after the end of the financial year to which the report relates; and

(d) comply with any other direction given under subsection (4) .

(4)  The Treasurer may give written directions to the Authority in respect of the form, contents, preparation, certification and provision of its financial statements.

(5)  Directions under subsection (4) may adopt, either wholly or in part, with or without modification and either specifically or by reference, any of the Treasurer's Instructions under the Financial Management and Audit Act 1990 .

(6)  The annual report may be appended to the annual report of the Department.

(7)  Subsection (2) has effect notwithstanding section 36(3) of the State Service Act 2000 or section 27(2) of the Financial Management and Audit Act 1990 .

(8)  If the Authority's annual report is not appended to the annual report of the Department, the Minister is to cause the Authority's annual report to be laid before each House of Parliament by not later than 31 October after the end of the financial year to which it relates.

(9)  If the Minister is unable to cause a copy of the annual report to be laid before a House of Parliament by the date specified in subsection (8) because that House is not sitting on that day, the Minister is to –

(a) cause a copy of the annual report to be forwarded to the Clerk of that House of Parliament immediately after that day; and

(b) cause a copy of the annual report to be laid before that House within the next 7 sitting-days of that House.