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Performance audits.
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29.—(1) The Minister may at the end of—
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(a) the period of 3 years beginning on the commencement of this section, and
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(b) each subsequent period of 3 years beginning on the expiration of the last previous period,
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appoint a suitably qualified person to carry out an examination as to the efficiency and cost-effectiveness of the performance by a company or companies of its or their functions and to report in writing to the Minister the results of the examination; such an examination and a report shall be completed by the said person within the period of 6 months from the date of his or her appointment.
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(2) The Minister shall submit a copy of a report under subsection (1) to the Government and the company or companies to which the report relates.
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(3) The costs of an examination and report under subsection (1) shall be paid to the Minister by the company or companies to which the examination and report relate.
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