SCHEDULES
SCHEDULE 1Assets Recovery Agency
1Director’s terms of appointment
1
The Director holds office for the period determined by the Secretary of State on his appointment (or re-appointment) to the office.
2
But—
a
the Director may at any time resign by giving notice to the Secretary of State;
b
the Secretary of State may at any time remove the Director from office if satisfied that he is unable or unfit to exercise his functions.
2
Subject to that, the Director holds office on the terms determined by the Secretary of State with the approval of the Minister for the Civil Service.
3Staff
1
The members of staff of the Agency must include—
a
a deputy to the Director who is to act as Director during any vacancy in that office or if the Director is absent, subject to suspension or unable to act, and
b
an assistant to the Director with responsibilities in relation to the exercise of the Director’s functions in Northern Ireland.
2
But the Director must not appoint a person under sub-paragraph (1)(b) unless he first consults the Secretary of State.
4
The members of staff of the Agency hold office on the terms determined by the Director with the approval of the Minister for the Civil Service.
5Finances
1
These amounts are to be paid out of money provided by Parliament—
a
the remuneration of the Director and the staff of the Agency;
b
any expenses incurred by the Director or any of the staff in the exercise of his or their functions.
2
Subject to anything in this Act any sums received by the Director are to be paid into the Consolidated Fund.
6Annual plan
1
The Director must, before the beginning of each financial year apart from the first, prepare a plan setting out how he intends to exercise his functions during the financial year (an annual plan).
2
The annual plan must, in particular, set out how the Director intends to exercise his functions in Northern Ireland.
3
The annual plan must also include a statement of—
a
the Director’s objectives for the financial year;
b
any performance targets which he has for the financial year (whether or not relating to his objectives);
c
his priorities for the financial year;
d
the financial resources expected to be available to him for the financial year;
e
his proposed allocation of those resources.
4
Once the annual plan has been prepared the Director must send a copy to the Secretary of State for his approval.
5
If the Secretary of State does not approve the annual plan—
a
he must give the Director his reasons for not approving it, and
b
he may require the Director to revise it in the manner specified by the Secretary of State.
6
The Director must revise the annual plan, but if sub-paragraph (5)(b) applies he must do so in the manner specified by the Secretary of State.
7
The Director must send a copy of the revised annual plan to the Secretary of State for his approval.
7Annual report
1
The Director must, as soon as possible after the end of each financial year, prepare a report on how he has exercised his functions during the financial year.
2
The report for any financial year apart from the first must include—
a
the Director’s annual plan for the financial year, and
b
an assessment of the extent to which it has been carried out.
3
The Director must send a copy of each report to the Secretary of State who must—
a
lay a copy of it before each House of Parliament, and
b
arrange for it to be published.
8Meaning of “financial year”
In this Schedule “financial year” means—
a
the period beginning with the day on which section 1 comes into force and ending with the next 31 March (which is the first financial year), and
b
each subsequent period of twelve months beginning with 1 April.