Section 33 of the Principal Act is repealed and the following section is substituted:

33.     Annual report

(1)  The Board is to submit an annual report to the Minister by 30 April in each year on its activities for the year ending on the preceding 31 December.

(2)  The annual report is to include the financial statements of the Board, as audited by the Auditor-General, for the financial year ending on 30 June in the year to which the annual report relates.