227.— (1) The Minister may at any time require NAMA to report to him or her regarding progress with regard to the achievement of NAMA’s purposes.

(2) The Minister shall lay a copy of a report under subsection (1) before each House of the Oireachtas as soon as reasonably practicable.

(3) As soon as may be after 31 December 2012, and every 5 years after that while NAMA continues in existence, the Minister—

(a) shall assess the extent to which NAMA has made progress toward achieving its overall objectives, and

(b) shall decide whether continuation of NAMA is necessary having regard to the purposes of this Act.