This matters to New Zealanders because the quality of our regulation is one of the main determinants of whether or not people can raise productivity. There's what experts call the productivity paradox: how New Zealand can have, on balance, pretty good policy settings by international standards and yet have low productivity growth over the last 30 years. It's in the lower left corner—countries that have started with low productivity and have had low productivity growth in that period. Some people are going to say, "Ah, the last 30 years; it was the fourth Labour Government's fault." Actually, prior to that, it was worse through the 1960s and 1970s, when we had Muldoon and the kind of practices I've described. If we want to be wealthier and to be able to afford the kinds of things that so many New Zealanders want, we need to be thinking of ways to raise productivity, and one of those is to improve the quality of regulation with better processes for consulting and testing and defining the purpose of legislation and regulation to ensure that it meets the standards. 