Hamish Anderson, from Adare group—he's a guy who's in charge of a 7,000 home development at Peacocke in the east of Hamilton. He estimated that this bill will delay, even if they go ahead and redesign, do all that stuff that this bill will allow them to do—and I see members opposite who sat on the committee with me shaking their heads, still in denial. Hamish Anderson said that this bill, through redesign, would cause a delay of 36 months and add up to $4 million for a development that's literally months away from proceeding. Nigel McKenna, from the Templeton Group, formerly Todd Property, with $8 billion worth of projects in the pipeline, and Bill Loutit, from the Beachlands South consortium—which actually includes the Government's own New Zealand Superannuation Fund as a major funder—told us exactly the same thing. Delay, delay; cost, cost—houses won't be built any faster. In fact, this bill risks extinguishing development projects altogether.