85Annual reports

#### 85 Annual reports (2) Subject to subsection (3), each annual report prepared by the Board and given to the Minister (within the meaning of the Public Governance, Performance and Accountability Act 2013) under section 46 of that Act for a period must include: (a) particulars of every direction given by the responsible Ministers to EFIC under section 9 during the period; and (b) a statement of the principal objectives of EFIC for the period; and (c) an assessment of the extent to which EFIC has achieved its principal objectives for the period. (3) Particulars of a direction under section 9 are not to be included in an annual report if the direction includes a statement that it is not to be disclosed for reasons of national security or because its disclosure would have an adverse effect on the financial interests or property interests of the Commonwealth or of an instrumentality of the Commonwealth.