(1) The Minister shall administer and manage the Credit Union Fund and shall cause -

(a) all proper and usual accounts of receipts and payments to be kept for that Fund in respect of each financial year, and

(b) the transmission of those accounts, not later than 30 June in the year following the end of the financial year to which they relate, to the Comptroller and Auditor General.

(2) The Comptroller and Auditor General shall audit the accounts of the Credit Union Fund transmitted to him or her pursuant to subsection (1).

(3) Upon completion of the audit of the accounts, the Comptroller and Auditor General shall prepare a report in writing in relation to them and shall submit a copy of the report together with a copy of the accounts to the Minister not later than 31 August in the year following the financial year to which they relate. The Minister shall cause copies of the report and the said accounts to be laid before Dáil Éireann not later than 30 September in the year following the financial year to which they relate or, if Dáil Éireann then stands dissolved, the date that is one week after the first meeting of the next Dáil Éireann.