(1) The Authority must, as soon as practicable after the end of each financial year, prepare and give to the Climate Change Minister, for presentation to the Parliament, a report on its operations during that year.
Note: See also section 34C of the Acts Interpretation Act 1901 , which contains extra rules about annual reports.
(2) A report under subsection (1) for a financial year must set out:
(a) a description of the objectives of the Authority; and
(b) an assessment of the extent to which the Authority's operations during that year have achieved those objectives.
(3) An assessment under paragraph (2)(b) must be made against performance indicators set out in the report.
(4) If this section does not commence at the start of a financial year, the period:
(a) beginning at the commencement of this section; and
(b) ending at the end of 30 June after that commencement;
is taken, for the purposes of this section, to be a financial year.