Hon CHRIS HIPKINS (Minister of Education): Yes, I stand by the quote in the full context in which it was made, which included me going on to say that the approach that we inherited would lock in deficits and not fix underlying issues. Under the old model, long-term deficits were projected. My concern about Te Pūkenga's projected deficit is shared by the leadership of the organisation. They've already taken the following actions to reduce the deficit: hiring restrictions have been put in place across the group, a directive has been put in place for subsidiaries to put in place cost mitigation strategies and prudent cost control measures, a central review of procurement is being undertaken to establish what additional savings can be achieved, and further work is being undertaken to improve the financial reporting and the accuracy of the forecasts that are produced to identify further areas of savings. The acting chief executive is keeping me regularly informed, and I'm encouraged by the conversations we've had so far.