(1) This section applies to each of the years 2005, 2006, 2007 and 2008 .
(2) As soon as practicable after 30 June next following the year, the Minister must cause a report dealing with the following to be laid before each House of the Parliament:
(a) financial assistance (if any) granted in the year under this Act for recurrent expenditure;
(b) the application of the financial assistance granted in the year under this Act (including financial assistance by way of capital grants).