ANDREW BAYLY (National—Port Waikato): Thank you. Well, there's the reason, eh? How many transactions do you think banks alone process every year in New Zealand? What do you reckon, Mr McClay? Four billion? Well, I'll tell you what. There will be billions and billions of transactions that take place, and, actually, unlike the Minister, I was actually on the Finance and Expenditure Committee when the Financial Markets Authority (FMA) and the Reserve Bank's Adrian Orr, presented to the Finance and Expenditure Committee about the review of findings, and I think the Minister has very carefully taken snippets of billions of transactions that take place in New Zealand. He's quoted about four or five examples. The one thing he missed, from what he was saying there, is that the Reserve Bank and the FMA were clear to say they found no systemic issues of wrongdoing in New Zealand. They found isolated examples of cases, unlike in Australia, where they certainly found lots of cases. But the New Zealand review showed that there was no systemic issue. So to quote those and to say that is the excuse for how we're going to impose millions of dollars of additional compliance on top of all these financial institutions I think is a very poor excuse.