(1) The Board shall as soon as practicable after the expiration of each financial year but within eight months after the end of the year submit to the Minister an annual report covering the activities and the operations of the Agency for the year to which the report relates.

(2) The annual report submitted under subsection (1) shall include the report of the Auditor-General.

(3) The Minister shall within 30 days of the receipt of the annual report submit a report to Parliament with such statement as he considers necessary.

(4) The Board shall also submit to the Minister such other reports as the Minister may in writing require.