(1) The Minister must review this Act to determine whether—
(a) the policy objectives of this Act remain valid; and
(b) the terms of this Act remain appropriate for securing those objectives.
(2) A review is to be undertaken as soon as possible after—
(a) the 3rd anniversary of the commencement of this Act; and
(b) the 7th anniversary of the commencement of this Act.
(3) The Minister must cause a report on the outcome of each review to be laid before each House of Parliament within 6 months after the review is completed.