| (1) | The Minister and the Authority must enter into a written performance agreement relating to— |
| (a) | the State's requirements in respect of the Authority's scope of business, efficiency and financial performance, and achievement of objectives; |
| (b) | the principles to be followed by the Authority for the purposes of business planning; |
| (c) | such measures as may be necessary to protect the financial soundness of the Authority; |
| (d) | the principles to be followed at the end of a financial year in respect of any surplus in the accounts of the Authority; and |
| (e) | any other matter relating to the performance of the Authority's functions under this Act. |
| (2) | The Minister and the Authority may in writing amend the performance agreement from time to time. |
| (3) | The Minister must publish the performance agreement in the Gazette and any amendment thereto must be so published at least 30 days prior to that amendment coming into operation. |
| (4) | A copy of the performance agreement must be open to inspection by the public at the head office of the Authority during business hours. |
| (5) | The Minister and the Authority must, before the finalisation of the performance agreement or amendment thereof, on any matter which may affect them, consult with the relevant stakeholders in the maritime industry. |
[Section 6A inserted by section 6 of Act No. 42 of 2007]
