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(1) The Board shall after the expiration of each financial year but within six months after the end of the year, submit to the Minister an annual report covering the activities and the operations of the Scheme 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 two months after the receipt of the annual report submit the report to Parliament with such statement as he considers necessary.

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