In fact, in a very thoughtful—though, I think, mistaken—speech from Mr Woodhouse, he made substantive reference to the debate of the time about the need for independence in the Reserve Bank. But that Reserve Bank Act that was passed in the late 1980s has been in place for, I suppose, close on 40 years now with very little amendment since then, with some changes but not many. The world has moved on. The world has changed. If, in the 1980s, this House was legislating in the shadow of rampant inflation and of an interfering Prime Minister and Minister of Finance, in this decade we are legislating in the shadow of the global financial crisis—a crisis where banks ran amok; where the world teetered on a precipice and was only saved by the most massive Government intervention into economies. We are operating in a different context, in a context where we need to have a different relationship with our Reserve Bank, and that is the world we are operating in now. The pieces of legislation that—this trilogy of pieces of legislation is oriented at operating in this world; the world where we need that greater control.