Hon JAMES SHAW (Minister of Climate Change): Thank you, Mr Chair. I'll just start with the question that Simon Court raised about the recommendations of the Regulations Review Committee. There was a concern there about whether there should be more safeguards. That was actually in the report, which was that they recommended that the Minister be required to consider independent advice from any auction monitor, once appointed, when setting the methodology, and that of course has made its way into the bill. So that concern was addressed through the select committee process. 