(1) The functions of the Board are,—
(d) to conduct (whether alone or jointly with other bodies) research and development into pigs, pork products, and co-products, including research and development into—
(i) the breeding, rearing, finishing, handling, transport, and slaughter of pigs, and the production of pork products and co-products; and
(ii) the handling, processing, packaging, product development, transport, and marketing of New Zealand pork products and co-products; and
(f) to collect, process, maintain, and make available, information for the purposes of assisting production, investment, processing, product development, and marketing decisions in respect of—
(2) During the period commencing on the commencement of this Part and ending with the close of 30 September 2000,—
(a) the Board may, for the purpose of helping to ensure that—
undertake the commercial breeding, rearing, and sale of pigs as if it were a function of the Board specified in paragraphs (a) to (f) of subsection (1); and
(3) After the expiration of the period referred to in subsection (2) (as from time to time extended under subsection (4)), it is not a function of the Board to undertake the commercial breeding, rearing, or sale of pigs.
(4) At any time 3 months or more before the expiration of the period referred to in subsection (2) (as from time to time extended under this subsection), the Governor-General may by Order in Council extend it for a further period not exceeding 12 months.
(5) The Board may perform any of the functions specified in paragraphs (a) to (f) of subsection (1) (or any element of any of those functions) alone, or—
any other person or persons (including a company or companies in which the Board holds shares).
(6) The Board may perform any of the Board's functions, or arrange for its performance, to the extent only that its performance is consistent with the Board's object.
(7) It is also a function of the Board to report regularly to the Minister on—
(8) In the exercise of its functions, the Board must have regard to the need for it to have adequate financial reserves.
(9) The Board must not determine that a function or element of a function is to be performed by a particular mechanism and entity (that is to say the Board, a partnership or joint venture, or some person other than the Board) unless it has—