Section 3: Financial provisions

(1) The Board shall prepare and submit to the Minister not later than 30 June of the year in which this Act comes into force (so however that for that year the Minister may if he considers it necessary extend the period) and of each subsequent year estimate of its expenditure and income during the next succeeding financial year.
(2) The Board shall keep proper records in respect of each financial year and proper records in relation to these accounts, and shall cause the accounts to be audited as soon as may be after the end of the financial year to which the accounts relate.