(1) The matters mentioned in subsections (1), (14), (15), (16), (17) and (19) of section 47 are -

(a) the qualifications, experience or skills that, in the opinion of the Minister, are required for economic and social development and competitiveness,

(b) the economic sector or sectors that, in the opinion of the Minister, will be involved in the achievement of such economic and social development and competitiveness,

(c) the qualifications, experience or skills that, in the opinion of the Minister, are required for the proper functioning of such economic sector or sectors, and

(d) in a case where, in the opinion of the Minister, there is likely to be a shortage or surplus in respect of qualifications, experience or skills falling within paragraph (c), an estimate as best the Minister may make (and which estimate the Minister is, by virtue of this section, required to make) of what the extent of that shortage or surplus will be.

(2) References in subsection (1) to qualifications, experience or skills are references to qualifications, experience or skills of employees.