Ms Susanna Lyons:

They submit, on an annual basis, details in respect of their governance, finance and performance management, at which point the regulation office conducts a detailed assessment of the information submitted alongside their financial statements and any other available information. We issue a regulatory assessment report or outcome statement to each AHB that is signed up. In that statement, it provides them with an outcome such as "satisfactory" or "satisfactory with key recommendations". More importantly, the outcome is tied into the eligibility for funding. In other words, that the State-----