ACT also favours this bill because it is largely an opt-in system for non-designated financial market infrastructures; however, it is prudent that institutions deemed too big to fail are also mandated to be part of this regime. ACT supports the quest for a more efficient and stable financial system. Supporting this bill would reflect a long consultation period, which has been conducted across the world by organisations such as the International Monetary Fund, and will ensure consistency with our trading partners. I commend this bill to the House. 