55Annual report

55 Annual report

(1)  A Board must prepare for the Government Business Enterprise an annual report for each financial year.

(2)  [Section 55 Subsection (2) substituted by No. 42 of 2002, s. 32, Applied:01 Jan 2003] The annual report must contain –

(a) the details of any direction given under section 65 ; and

(b) the details of any direction relating to a dividend, interim dividend or special dividend; and

(c) the details of any direction given under section 40(2) or (3) ; and

(ca) [Section 55 Subsection (2) amended by No. 18 of 2025, s. 19, Applied:01 Jan 2026] the information required to be contained in an annual report, under section 9C , in respect of a direction given under section 9A ; and

(d) the details of any waiver granted under Part 10 or 11 ; and

(e) the documents, statements and information required by the Treasurer's Instructions.

(3)  [Section 55 Subsection (3) substituted by No. 42 of 2002, s. 32, Applied:01 Jan 2003] The annual report must comply with the Treasurer's Instructions.

(4)  [Section 55 Subsection (4) substituted by No. 42 of 2002, s. 32, Applied:01 Jan 2003] The Portfolio Minister and the Treasurer, jointly, may direct a Board to include in the annual report any information that they consider appropriate.

(5)  [Section 55 Subsection (5) omitted by No. 42 of 2002, s. 32, Applied:01 Jan 2003] .  .  .  .  .  .  .  .  

(6)  [Section 55 Subsection (6) amended by No. 42 of 2002, Sched. 1, Applied:27 Nov 2002] A Board must provide the annual report to the Portfolio Minister, the Treasurer and the Auditor-General.