Now, if for some reason the 4.75 million units don't all sell at one auction, then they will indeed carry over to the next auction, but if it's a fraction, if it's a few hundred thousand, or if it's a few tens of thousands that fail to clear, that should not be a reason for millions and millions of tons equivalent of carbon and those units failing to be available to the market participants to fulfil their obligations. So that's why ACT believes that this amendment, inserting new clause 11A, "In regulation 32, replace 'zero' with 'or equal to the confidential reserve price'." and to delete some of those other clauses that if the entire block of 4.75 million units is not all sold above the reserve, then the entire block will fail to sell, will be enduring and will give confidence in the emissions trading scheme. In fact, it gives us some small hope, if this amendment was to be taken up by the Government and accepted, that there is an opportunity for an enduring, cross-party approach to a nationally agreed way to mitigate emissions, and that's how New Zealand will retain its standing in the world.