(1) TUSMA must, as soon as practicable after the end of each financial year, prepare and give to the Minister, for presentation to the Parliament, a report on its operations during that year.
Note 1: See also section 34C of the Acts Interpretation Act 1901 , which contains extra rules about annual reports.
Note 2: The annual report for a financial year must include TUSMA's performance monitoring report for the financial year (see subsection 29(4)).
(2) A report for a financial year must set out:
(a) each amount paid by TUSMA, on behalf of the Commonwealth, under a section 13 contract during that year; and
(b) the amount of each section 13 grant made during that year; and
(c) details of any action taken by TUSMA in that year in response to a direction given by the Minister under section 77.