15.— (1) Subject to this section, the Insolvency Service shall, in each year—

(a) prepare and adopt a business plan in respect of that year or of such other period as may be determined by the Minister, and

(b) submit the plan to the Minister.

(2) A business plan shall—

(a) indicate the activities of the Insolvency Service for the period to which the business plan relates,

(b) contain estimates of the number of employees of the Insolvency Service for the period and the business to which the plan relates, and

(c) accord with policies and objectives of the Minister and the Government as they relate to the functions of the Insolvency Service.

(3) In preparing the business plan, the Insolvency Service shall have regard to the strategic plan in operation at that time approved under section 14.

(4) The Insolvency Service shall submit to the Minister with a business plan a statement of its estimate of the income and expenditure relating to the plan that is consistent with the moneys estimated to be available to the Insolvency Service for the period to which the business plan relates.