Now, as we worked through the submissions on this bill, and also working through as a committee, we became very efficient in how we delivered this. This is a very, very efficient bill. I refer to three points. This bill ensures that the Reserve Bank is fit for current times. This is the legislation that is about how the Reserve Bank operates in order to achieve its objectives in a modern way. The world has moved on. The world has changed. If, in the 1980s, as my colleague Deborah Russell said, this House was legislating in the shadow of rampant inflation and an interfering Prime Minister and Minister of Finance, in this decade we are legislating in the shadow of the global financial crisis. We are operating in a different context. We know, as my colleague Duncan Webb, who is also the chairman of the Finance and Expenditure Committee, said, that something had to be done, and the great economic innovation of the time, of course, was the inflation target, signalling to let the market know that the Government, with the Reserve Bank, was committed to lowering inflation and would take the steps necessary. That alone had a very significant effect. New Zealand, in fact, was the first country in the world to do that.