(1) The Council must, as soon as practicable after 1 July, and in any event on or before 31 August, in each year, prepare and give to the Minister a report on its operations and proceedings for the previous financial year.

(2) The Minister is to cause the Council's report to be laid before each House of Parliament within 7 sitting days of the House after the Minister has received it.

(3) This section does not affect any duty of the accountable officer of the department under the Financial Administration and Audit Act 1985 to prepare and submit an annual report containing information about the Council or the operation of that Act in relation to that annual report.