The Authority must
—
(a) keep
the Minister reasonably informed of the operations, financial performance, and
financial position of the Authority, including the assets and liabilities,
profits and losses, and prospects of the Authority;
(b) give
the Minister reports and information that the Minister requires for the making
of informed assessments of matters referred to in paragraph (a); and
(c) if
matters arise that in the Authority’s opinion may prevent, or
significantly affect, achievement of the Authority’s objectives and
targets outlined in its operational plan, promptly inform the Minister of the
matters and its opinion in relation to them.