(1) The Board of Trustees shall within one month after the receipt of the audit report, submit an annual report to the Minister and the Authority covering the activities and the operations of the Trust for the year to which the report relates.

(2) The annual report shall include the report of the Auditor-General.

(3) The Minister shall, within one month after the receipt of the annual report, submit the report to Parliament with a statement that the Minister considers necessary.

(4) The Board of Trustees shall also submit to the Minister and the Authority any other reports which the Minister or the Authority may require in writing.