Section 107, The Public Financial Management Act, 2016

(1) A sub-vented agency, other entity in the centralgovernment, or social security fund may not be established or incorporated except by an Act of Parliament specifically providing for the establishment of the agency, entity, or fund: Provided that this subsection does not apply to a sub-vented agency, other entity in the central government, or social security fund which exists at the time of the coming into operation of this Act. (2) When a Bill to establish a new sub-vented agency, other entity in the central government, or social security fund is introduced to Parliament, the Bill shall be accompanied by an opinion of the Minister on stating whether – (a) benefits from the establishment outweigh costs of the establishment; (b) the establishment does not cause any fiscal rule or ceiling under this Act or the Fiscal Strategy Statement to be breached or exceeded; and (c) the establishment is in accordance with the principles of responsible financial (3) The Minister may, by statutory instrument, specify the methodologies, forms, and any other matters necessary for (4) The Minister may require from any budgetary agency any information necessary for implementation of this section.