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(1) The Commission shall submit to the Minister as soon as practicable and in any event not more than eight months &.er the end of each financial year a report dealing generally with the activities and operations of the Commission during the year to which the report relates and shall include

(a) the audited accounts of the Commission and the Auditor-General's report on the accounts;

(b) a statement of the Commission's budget and operational plans for the next financial year; and

(c) such other information as the Commission may consider necessary.

(2) The Minister shall within two months after the receipt of the annual report submit the report to Parliament with such statements as the Minister considers necessary