(1) The Corporation shall cause proper accounts of the PR1MA Corporation Malaysia Fund and Eligible Persons' Assistance Fund and reports of its activities to be kept and shall, as soon as practicable after the end of each financial year, cause to be prepared for that financial year-
(a) a statement of accounts of the Corporation which shall include the balance sheet and account of income and expenditure; and
(b) a report of its activities.
(2) The Corporation shall, as soon as possible, send a copy of the statement of accounts certified by the auditors, a copy of the auditors' report and a copy of the reports of its activities to the Minister and the Minister shall cause the same to be laid before both Houses of Parliament.
(3) The Statutory Bodies (Accounts and Annual Reports) Act 1980 [Act 240] shall apply to the Corporation.