(1) The Supervisory Authority shall prepare and submit to the Minister a work programme for -
(a) in the case of the initial work programme, the period specified by the Minister, and
(b) in the case of each subsequent work programme, the period of 3 years beginning on the day after the last day of the period covered by the preceding work programme.
(2) In preparing the work programme, the Supervisory Authority shall have regard to the need to ensure the most beneficial, effective and efficient use of its resources and shall include the following information:
(a) the key strategies and activities the Supervisory Authority will pursue to further its objects and perform its functions;
(b) the outputs the Supervisory Authority aims to achieve and against which its performance will be assessed;
(c) the staff, resources and expenditures (including an annual programme of expenditure) necessary to pursue the strategies and activities mentioned in paragraph (a).
(3) In addition to capital