During the course of that process, the Insurance Council made a submission to the Productivity Commission saying that if you looked at current reporting law, the standard fiduciary duty of directors is to disclose material risk to their shareholders, and, of course, the Insurance Council would know that there is significant material risk to businesses from things like sea level rise or increasingly frequent and severe droughts, floods, fires, storms, and so on. Yet even though you could interpret the fiduciary duty as therefore requiring companies to disclose climate-related risks, they weren't. There were an absolute handful at the time who were making these kinds of disclosures. So their recommendation to the Productivity Commission got carried forward into a Productivity Commission recommendation, and their report, when it came out in 2008, was that the Government move to a mandatory complier-explain disclosure regime.