(1) Where in any financial year (in this subsection referred to as the "relevant year") the Compensation Body has provided compensation referred to in section 5(2) and received or paid reimbursement (if any) under section 10, it shall, not later than the expiration of the first 7 months of the immediately succeeding financial year, prepare and submit to the Minister a report in writing containing, at a minimum -
(a) a statement of the amounts of such compensation paid during the relevant year,
(b) a statement of the amounts of such reimbursement (if any) received during the relevant year,
(c) a statement of the costs and expenses incurred by the Compensation Body during the relevant year, and
(d) a statement setting out, in general terms, the operations of the Compensation Body during the relevant year, in particular as regards any matter that the Compensation Body is satisfied should be brought to the attention of the Minister.
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