Hon Dr DAVID CLARK (Minister of Commerce and Consumer Affairs): I note the member has asked a question in respect of clause 12. If he were to read subclauses (1) and (2) in clause 12, he might find the answer to his question: "In deciding whether to make a recommendation, the Commission must take into account the following: (a) any features of the retail payment network, or any conduct of participants in the network, that reduce, or are likely to reduce competition or efficiency: (b) the nature of the network, including the number, value, and nature of transactions that the network currently processes or is likely to process in the future: [and] (c) the Financial Market Infrastructures Act 2021 and any other regulatory requirements in … New Zealand laws that the Commission considers relevant." 