27Annual Report

27 Annual Report

(1) The Authority shall, not later than 31 December in each year, prepare and give to the Minister a report on the activities of the Authority during the period of 12 months that ended on the preceding 30 June. (1A) Reports under this section:

(a) shall include statements of the names of eligible companies with which the Authority has entered into grant agreements during the relevant year and the respective amounts of the grants provided for under those agreements;

(b) shall, subject to subsection 29(1), include information concerning the nature of the automotive development projects in relation to which the Authority has entered into grant agreements during the relevant year;

(c) shall include:

(i) statements of the names of persons with whom the Authority has made arrangements under section 27A during the relevant year for the carrying out of projects;

(ii) statements of the respective amounts of the payments to those persons provided for under those arrangements; and

(iii) particulars of the progress of those projects; and

(d) shall include particulars of any guideline directions given during the relevant year.

(2) The Minister shall cause a copy of the report given under subsection (1) to be laid before each House of the Parliament within 15 sitting days of that House after the day on which the Minister received the report.