NICOLA WILLIS (National): I want to draw the committee's attention to the purpose statement for this bill, which is set out in this Part 1, which says, very clearly, that the purpose of the Reserve Bank bill is to "promote the prosperity and well-being of New Zealanders and contribute to a sustainable and productive economy." In that context, I want to ask the Minister to what extent he directed his officials, or he himself considered how well the objectives set out in this bill actually marry up with that purpose statement. The context for my question, of course, is that we have seen very clearly in the past 12 months the impact the Reserve Bank's actions and its monetary policy remit can have on the prosperity and wellbeing of New Zealanders. There are New Zealanders across the country who feel that their wellbeing and prosperity has been detrimentally impacted by soaring house prices, by asset price inflation, and by the bank's own admission that its actions in relation to interest rate cuts have directly impacted on that and, therefore, have had potentially intergenerational impacts.