Hon DAVID PARKER (Minister for the Environment): Thank you, Madam Speaker. I rise to take a short call in favour of the Climate Change Response (Auction Price) Amendment Bill. As the statement that has been tabled by the Minister, James Shaw, has said, this is necessary to rectify a mistake in the regulatory underpinnings of the auction process. There was always intended to be the ability to set a reserve price. That did not make it into the drafting, and therefore there's a lacuna in the legislation.