The first thing I'd say to you is the importance, when you're dealing with New Zealand's pre-eminent organisation—I think it's absolutely vital—that we should have striven for more agreement around the key reforms that we're talking about. The last thing we want to see happen is that when there is a change of Government, there is further tweaking to the Reserve Bank. That is not good for New Zealand. That's why we were very keen to work in a collaborative manner to try and strike that balance. We weren't able to do that, but I do acknowledge that in this bill there are many good aspects, so I don't want anyone to think that we oppose the bill—large parts of it. We think that what it's seeking to achieve is very good, but there are five crucial elements. 