I was fortunately very privileged to be awarded a fellowship to Singapore, where I sat down with their officials and I talked to them about what is a comparable sector and the fact that they have less polytechnics than New Zealand. But to move to a single mega-merger is something that National has opposed, and for the following reasons. The first is the cost of this merger and the benefits. Shane has already worked you through that it's not just the Opposition that have raised significant issues around process, around the costs of the merger, around the benefits versus the disadvantages; we've heard from Treasury, who have raised significant issues around uncertainty and costs. We've heard in the regulatory impact statement itself about cost-effectiveness, issues of productivity. We've heard that the Tertiary Education Commission themselves said to the Minister, "Don't proceed with this." So pretty much everybody has said to the Minister, "This is a massive overreach. You've gone too far. The proposals don't stack up."