50Annual report

50 Annual report

(1)  The Board is to prepare in respect of the Corporation an annual report for each financial year.

(2)  The annual report is to include the following:

(a) the financial statements of the Corporation for the financial year to which the annual report relates;

(b) a copy of the Auditor-General's report, in respect of the financial statements, that is provided under section 19 of the Audit Act 2008 to the Board;

(c) a summary of the corporate plan of the Corporation;

(d) a report on the performance of the Corporation;

(e) a report on the operations of the Corporation;

(f) any information the Minister requires relating to the directors, chief executive officer and employees;

(g) the details of any directions given by the Minister under section 36 and any action taken by the Board in respect of those directions;

(h) any other information the Minister requires;

(i) any other information the Board considers is appropriate or necessary to properly inform the Minister and Parliament as to the performance and progress of the Corporation.

(3)  The Board is to provide the annual report to the Minister by not later than 31 October in each year.

(4)  Section 36 of the State Service Act 2000 does not apply in respect of the Board.