Automatic Enrolment Retirement Savings System Act 2024

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Preparation and submission of supervisory report by Pensions Authority

45. (1) Before submitting a supervisory report to the Minister the Pensions Authority shall, not later than 31 March after the reporting period to which the report relates, send the Board a draft of the report.

(2) A draft report submitted under subsection (1) shall be accompanied by—

(a) a copy of any material relied on by the Pensions Authority in preparing the draft report, and

(b) a notice in writing stating that the Board may, not later than 6 weeks from the date on which it receives the notice, or such further period as the Pensions Authority considers necessary, make submissions in writing to the Pensions Authority on the draft report.

(3) The Pensions Authority shall, as soon as is practicable after the expiration of the period referred to in subsection (2)(b), and having considered any submissions made in accordance with the notice under that subsection, make any revisions to the draft report which in the opinion of the Pensions Authority are warranted, and finalise the report.

(4) The Pensions Authority shall include as an appendix to the report a copy of any submissions made under subsection (2)(b).

(5) The Pensions Authority shall submit the report to the Minister as soon as is practicable after it has been finalised and not later than 30 June after the reporting period to which it relates.

(6) When the Pensions Authority submits the report to the Minister, it shall also send a copy of it to the Board.

(7) The Minister shall, as soon as may be after receiving a report under subsection (5), cause copies of the report to be laid before each House of the Oireachtas.

(8) The Minister shall, not later than 6 weeks after receiving a report under subsection (5), send a copy of the report to the Comptroller and Auditor General.

(9) In this section, “reporting period” and “supervisory report” have the same meaning as in section 44 .