(1) The Authority may with the consent of the Minister, make such charges as it considers necessary and appropriate in consideration of -

(a) the performance by it of its functions,

(b) the provision by it of any service,

(c) the carrying on by it of any activities.

(2) Under the terms of a service agreement with the Authority, the Minister may agree to the Authority varying its charges in line with a financial model specified in the service agreement.

(3) The Authority may recover as a simple contract debt in any court of competent jurisdiction from any person by whom it is payable any amount due and owing under subsection (1).