According to the Government, this bill does not provide any changes that impose immediate costs on business. However, there are costs likely to be imposed on industry and, therefore, consumers. This bill is actually a threat to industry. It is threatening those businesses which employ thousands of people and are already fulfilling their disclosure obligations. This bill ignores the fact that there is a voluntary regime that is working very, very effectively right now. That is why ACT is opposing this bill in its current form without the amendments that we've tabled—that's Supplementary Order Paper (SOP) 41—which make sure that an adequate cost-benefit analysis is undertaken before any further regulations are made. 