This bill seeks to improve governance for existing owners and disclosure for potential new owners. For that reason, it deserves to be examined by the select committee. However, we don't want this well-intentioned bill to place greater costs on people than the benefits they get from following this law. Normally, there is a regulatory impact statement to assess the costs of a new law. Because this is a member's bill, rather than a Government bill, we have not seen a regulatory impact statement. If there is a cost added to a homeowner under this bill, it should be spent to benefit the owner and their property, rather than simply an added cost just for the sake of a new regulation and complying with a new parliamentary law. I would ask the Government to provide a regulatory impact statement for this important piece of legislation—an idea that, arguably, the Government should have provided as its own bill.