I'd like to highlight some of the key features of Part 1 of this bill. New Part 7A, inserted by clause 7, inserts new climate-related disclosures provisions into the Financial Markets Conduct Act. New Zealand is the first country in the world to introduce legislation to require all large listed companies and large financial institutions to report on their climate-related risks in accordance with global standards. Others are following fast behind. We've seen the UK make progress in that regard, and I'm sure many other countries will too, but New Zealand is the first to bring this legislation into the House, so it is world leading.