12.Section 4 sets out the requirements of the Scottish Ministers in relation to reporting on the community wealth building statement. Subsection (2) defines the reporting period as each period of 5 years, the first such period beginning with the day the statement was first published. Subsection (1)(a) provides that the report must set out what steps the Scottish Ministers have taken during the reporting period in relation to each action which is listed in the statement, the impact of those measures in achieving the aims set out in section 1, and what steps the Scottish Minister have taken to keep the statement under review. This might mean, for example, steps that they have taken to monitor the actions for their effectiveness, in case they need to be changed. Subsection (1)(b) requires the Scottish Ministers to publish the report, and subsection (1)(c) requires the Scottish Ministers to lay a copy of the report before the Scottish Parliament. Subsection (2) gives the Scottish Ministers the power to make regulations setting out further detail about the format in which the report is to be published. Such regulations will be subject to the affirmative procedure.
The Act Commentary on provisions Section 4 – reporting on statement