14.— (1) The Insolvency Service shall, as soon as practicable after the establishment day and, in any case, within 6 months after that day, and thereafter within 6 months before each third anniversary of the establishment day, prepare and submit to the Minister, for approval by the Minister with or without amendment, a strategic plan for the Insolvency Service for the ensuing 3 year period.

(2) A strategic plan shall—

(a) comply with any directions issued from time to time by the Minister in respect of the form and manner of the plan’s preparation,

(b) set out the key objectives, outputs and related strategies of the Insolvency Service, including the use of resources, and

(c) have regard to the need to ensure the most beneficial, effective and efficient use of the Insolvency Service’s resources.

(3) The Minister shall, as soon as practicable after the strategic plan has been so approved, cause a copy of the strategic plan to be laid before each House of the Oireachtas.