As the Minister of Finance, the Hon Grant Robertson, outlined at the outset, this is one of three bills relating to the institutional arrangements of the Reserve Bank of New Zealand that this Government has introduced. Of course, in passing any legislation of this sort, the balance that is required to be struck is that between democratic oversight of the Reserve Bank's functions and the need for its operational independence. The very fact that we are standing here debating the frameworks in which the Reserve Bank makes its operational decisions underscores the fact that this Parliament has an incredibly significant role in setting the institutional frameworks for the Reserve Bank, and that those are distinct from operational decisions. And, of course, this is important, because the very cute conceit that the Minister of Finance has tried to run in more recent weeks is that somehow any gesture towards actually thinking about what the Reserve Bank does is somehow Muldoonist and interventionist. I would put to you that the very fact we are debating the frameworks in which the Reserve Bank operates makes it very clear that, in fact, these sorts of debates can be had.