Hon NANAIA MAHUTA (Minister of Local Government): I'll take the opportunity, just in case the debate closes. Look, I'm sure, as they told you about their regional study, they would have also informed you that the Government helped pay for that regional study, and that part of the rationale for paying for a regional study at the early stages of our analysis as to what would be the best model to achieve the broader overall outcomes that the Government was seeking is to see whether or not a regional approach could work. What we found along the way—and it was a helpful study that the region undertook—is that there would be regional variance in terms of the benefits of going to a regional model. That would then mean that the Government in some shape or form would have to contribute. That then meant we had to ask the question around scale and aggregation and the separation of balance sheets, because if we separated balance sheets it would create more headroom around the way in which we could better fund—albeit at a multi-regional level—into the infrastructure space. I'm sure you heard all of that.