I'm confident the scope of these direction-making powers is appropriate. They're a good example of the way the bill affords the commission flexibility in finding the most targeted and effective way to intervene in the interests of competition and efficiency, and similar provisions can be found in the UK's financial services legislation and in the Financial Market Infrastructures Act 2021. The commission ultimately has no interest, let's acknowledge, in imposing impracticable requirements, whether for participants in the market or, indeed, for themselves and for the network itself. In any case, there are good safeguards in the bill to prevent regulatory overreach.