The changes that this bill intends to make would start applying from financial years that are in progress on the date of the Royal assent or the most recently completed financial year, but only if the Royal assent was given before the statutory deadline for entities to lodge their annual report. These deadlines are three months after balance date for the nine specified amenities; five months after balance date for the Auckland Regional Amenities Funding Board. This is really good because it gives absolute clarity to all entities that are involved. 