Now, the second thing I want to just deal with quickly, because the Minister did in the course of her third reading speech, was the relationship between this and the three waters proposal. Clearly, you've got to have a regulator and, as I said earlier, we accept the need for a regulator. The problem is that the Government has then turned its attention, I guess, to establishing the three waters proposal, which this organisation, Taumata Arowai, will regulate, and it will regulate everything that happens within the proposed three waters structure. 