I just want to touch briefly on probably the biggest policy item which is in this bill, which is the interest deductibility rules. The IMF also said that some of the domestic risks in New Zealand are centred around financial stability, particularly in relation to the housing market. We know that tax is not the cause of this problem, but it does contribute to the problem. So it's our Government's goal to level the playing field for existing homes in favour of first-home buyers and those moving to new homes compared to those investing in residential property. So investors can generally outbid first-home buyers, and we want to make sure that residential properties are less attractive for investors while stimulating new investment in housing. That's why the deductions for interest expenses of residential properties will be restricted from 1 October 2021. We've tried to make sure that transitioning is possible within the bill by ensuring that the policy will be phased in so that interest deductions on a mortgage on a residential investment property acquired before 27 March 2021 will progressively be reduced between 1 October 2021 and 31 March 2025.