(1) Where the Investment Advisory Committee is unable to provide advice to the Minister within ten working days after a request or within a shorter period determined by the Minister, taking into account the nature of the advice sought, the Minister may take a decision in consultation with the Governor.

(2) Despite section 30 (1) (c), the Minister may take an urgent investment or overall management decision in consultation with the Governor where there is insufficient time to seek the advice of the Investment Advisory Committee.

(3) Where the Minister takes a decision without the advice of the Investment Advisory Committee, the Minister shall inform the Investment Advisory Committee writing within forty-eight hours after taking the decision.

(4) The Investment Advisory Committee shall advise the Minister within five days after receipt of the information.

(5) The Minister shall re-examine the decision made within forty-eight hours having regard to the advice provided by the Investment Advisory Committee and take the necessary follow-up action.