Clause 22

The Board shall, as soon as practicable but not later than 30th September of each year, submit to the Minister an annual report in respect of the administration of the EduSave Fund by the Board during the preceding financial year, and the Minister shall present a copy of every such report to Parliament.

The Minister shall cause an annual report in respect of the administration of the Endowment Fund during each year to be prepared and shall present a copy of every such report to Parliament.

Notwithstanding subsection (1), the Minister may at any time request the Board to furnish him with any information concerning any matter relating to the administration of the EduSave Fund by the Board, and the Board shall furnish him with the information required, and afford him or his representative all necessary facilities for the verification of the information required.