(1) In consultation with the Health Secretary, the Institute Board must prepare a proposed statement of priorities for the Institute for each financial year in accordance with subsection (4).
(2) The Institute Board must give a copy of the proposed statement of priorities to the Minister for approval on or before 1 October in each year.
(3) If the Institute Board and the Minister do not agree on a statement of priorities on or before 1 October, the Minister may make a statement of priorities for the relevant financial year in accordance with subsection (4).
(4) A proposed statement of priorities must specify—
(a) the services to be provided by the Institute and the funds to be provided to the Institute; and
(b) the objectives, priorities and key performance outcomes to be met by the Institute; and
(c) the performance indicators, targets or other measures against which the Institute's performance is to be assessed and monitored; and
(d) how and when the Institute must report to the Minister and the Health Secretary on its performance in relation to the specified objectives, priorities and key performance outcomes; and
(e) any other matters as are—
(i) agreed by the Minister and the Institute Board; or
(ii) determined by the Minister.
(5) A statement of priorities may be varied at any time if the Institute Board and the Minister agree.
(6) If the Institute Board and the Minister fail to agree to a proposed variation of a statement of priorities within 28 days after the variation is proposed, the Minister may—
(a) vary the statement of priorities; or
(b) refuse to vary the statement of priorities.
(7) The Minister may publish the statement of priorities on the Department's Internet site.