Hon MICHAEL WOODHOUSE (National): Thank you, Madam Chair, and I appreciate the Minister's broad-ranging description of Part 2—it is the substantive part of the bill, and we're going to take a random walk through it, not a linear walk through it, because I will start with clause 79(1) and (2) and continue the conversation that we started in Part 1 about the appointment of the governor as a member of the board. Now, the National Party have not tabled an amendment to this clause, but I think it's worth drilling into the circumstances that led to new clause 79(1) and (2). And I note the Minister in Part 1 talked about the fact that while this wasn't raised in select committee, there was a significant consultation process prior to the bill, the second of three, being introduced. I stand to be corrected, but as far as I can tell, none of those submissions actually said to the Minister, "We would like the governor on the board." And when the bill was referred to the select committee, none of the submitters said that then. So we have this unusual situation where on page 11 of the departmental report, in response to the questions of governance and changes to the governance structure, up it pops with oblique references to the review considering a wide range of governance and decision-making models, and then the Reserve Bank Act review team considered a range of different models and decided that this was a good idea. Now, I think the committee deserves a little bit more of a fleshed out explanation about where this came from. 