Hon Dr MEGAN WOODS: We believe security of tenure is critical for people who are renting. That is why, to qualify for the exemption, developers will need to offer tenants leases of at least 10 years that tenants are able to break with a 56 day notice period. Tenants can ask for shorter agreements if they wish, and the developer will still qualify for the exemption. This requirement will enable people to settle and personalise their homes, reduce how often they must find a new place to live and all those associates moving costs. It will also allow families to start their kids at school and know that they won't have to move. In comparison to the median tenure in the private market of only 16 months, the Government agreed 10 years to be a suitable minimum period as it reflects the importance of long-term housing stability on people's lives.