I would like to touch on three areas that the committee, in particular, paid attention to in our review, which are the introduction of the equity index, student attendance, and the reform of vocational education. Budget 2022 is seeking $292.5 million for the equity index, which will replace the school decile system in 2023. The equity index is intended to better allocate funding to schools that needs additional resources based on information from Statistics New Zealand to assess the socio-economic characteristics of students and their likely achievement levels. There will be an extra $75 million in funding per year under the new system. Although most schools will receive more funding, about 10 percent of schools may qualify for less. We asked what checks and balances will be in place and heard that, allowing time to adapt, no school will receive less operational funding in 2023 due to the equity index and from 2024 any reduction in funding will be capped at 5 per cent per annum. 