(1) Not later than 6 months after the end of each accounting year, the IANS shall submit a report in writing to the Minister of its activities and those of any subsidiaries during that year and, not later than 3 months after such submission, the Minister shall cause copies of the report to be laid before each House of the Oireachtas.

(2) A report of the IANS under this section shall include information, in such form as the Minister may direct after consultation with the IANS and with the consent of the Minister for Public Expenditure and Reform, regarding the operations, cost-effectiveness and financial targets of the IANS and any subsidiaries.

(3) The IANS shall, if so required by the Minister, give to him or her such information as he or she may require in respect of any balance sheet or other account or any report of the IANS or any subsidiaries or in relation to the policy and operations (other than day-to-day operations) of the IANS or any subsidiaries.