Hon GERRY BROWNLEE (National): The last explanation from the Minister was good and what we would expect but not necessarily agree with entirely. But I just want to speak to clause 117 and the clause 117A. It talks about the bank's functions "of implementing, in accordance with the Act, the monetary policy formulated by the [monetary policy committee]." It goes on to then, in 117A, talk about the bank is not required to implement monetary policy that is inconsistent with the financial responsibility duties. The question I'm leading to is: at what point does the Minister consider there might be the use of these almost contradictory arrangements inside the bill? Clearly, it's a belts and braces - type arrangement. I think it would be good to get some explanation of it.