Rt Hon JACINDA ARDERN: Obviously, at the time when ACT supported, as I understand, the brightline test, there was a very clear view put forward by the Government of the day—that was, I believe, supported by the likes of Andrew Bayly—quotes in this House claiming that it was income, not capital gains, tax. That was certainly the argument made by Chris Bishop. But, of course, what I only assume that side of the House intended to do was to deal with speculators. Of course, at that time there was a view that there were a number of people in the market who were purchasing homes and flicking them within a very short period of time in order to benefit from quick gains. We are seeking advice on what impact it has had on the market, and that may go to answer the member's question.