DAMIEN SMITH (ACT): Thank you, Mr Chair. I'd like to keep this question very specific. I'd like to probe the Minister's position further on building societies and credit unions. They are already legislated to act in the best interests of members at all times. They don't have the support of the Reserve Bank from a liquidity and balance sheet point of view, and increasingly our research shows that in New Zealand people are going more and more to credit unions and building societies than banks on a percentage basis because the service is great and they actually have the opportunity to get a fair hearing, fair products, and a fair explanation of what it is they're buying into. So if you look at all the people that have been excluded from this legislation in terms of lenders, I find it tough that over the last year I've asked in the House and to Adrian Orr and Grant Robertson and the Minister of Revenue why we can't be more sympathetic to credit unions and building societies and let them perform a service out there that is not burdened by this extra legislation. And I'd like to ask the Minister: why can't they be exempt from this?