As I turn now to what will happen in wrapping up, this bill is a result of an extensive consultation and engagement with stakeholders. The policy work was supported by a joint Treasury and Reserve Bank team, supported by an expert independent advisory panel. It is very important here that we recognise this in developing the bill so people can have confidence in the expert advice that we have been given. This bill is now anticipated to come into force on 1 July 2022. This will allow the new governance board to be established and the reporting requirements to align with the start of the bank's financial year. The aim is to embed the new arrangements ahead of the implementation of the deposit takers bill, when enacted. 