The Act of 1993 is amended by the substitution of the following section for section 39:

"39.

(1) The company may appoint such and so many persons to be members of its staff as it considers necessary to assist it in the performance of its functions on such terms and conditions including terms and conditions as to remuneration and grading as may be agreed.

(2) The company shall, in determining the remuneration or allowances for expenses to be paid to members of its staff or the other terms or conditions subject to which such members hold or are to hold their employment, have regard to Government or nationally agreed guidelines which are for the time being extant or to Government policy concerning remuneration and conditions of employment which is so extant.

(3) The company shall, in addition to complying with subsection (2), comply with any directives with regard to such remuneration, allowances, terms or conditions referred to in that subsection which the Minister may give to the company with the consent of the Minister for Public Expenditure and Reform.

(4) The company shall submit to the Minister, on an annual basis, a three-year workforce plan that sets out forecast staffing levels for the organisation, as approved by the company.".