Credit Review Act 2026

Strategy statement

22. (1) The Service shall, not later than 6 months after the establishment day, and thereafter not earlier than 6 months before and not later than the expiration of each subsequent period of 3 years following the establishment day, prepare and submit to the Minister, for approval by the Minister with or without amendment, a strategy statement in respect of the period of 3 years immediately following the year in which the strategy statement is so submitted.

(2) A strategy statement shall—

(a) specify the key objectives, outputs and related strategies (including the use of resources) of the Service,

(b) specify the manner in which the Service proposes to assess its performance in respect of those objectives, taking account of relevant performance indicators (financial and non-financial),

(c) except for the first strategy statement, include a review of the outcomes and effectiveness of the preceding strategy statement, and

(d) include any other matters that the Minister may direct.

(3) A strategy statement shall be prepared in the form and manner that the Minister may from time to time direct.

(4) The Service shall, in the preparation of a strategy statement, have regard to the need to ensure the most effective and efficient use of the resources available to the Service.

(5) The Service may, in preparing a strategy statement, consult such persons as it considers appropriate.

(6) As soon as practicable after approving a strategy statement, the Minister shall cause a copy of it to be laid before each House of the Oireachtas.

(7) The Service shall, as soon as practicable after a copy of the strategy statement is laid before each House of the Oireachtas in accordance with subsection (6), arrange for the strategy statement to be published on its website.