ANDREW BAYLY (National—Port Waikato): Well, apart from saying that that answer is thoroughly unsatisfactory, not just for me and members of this House, but if you're a financial institution—and there are many, many covered by this—if you're listening to this you must be wondering what the dickens is going to happen. Because we know how damaging regulations can be, as we saw with the Credit Contracts and Consumer Finance Act regulations that came out and stunned everyone and led to between 6 percent and 10 percent of loans not now being approved that otherwise would have been approved until the change was brought in on 1 December last year.