Now, what we didn't hear much about from the Prime Minister today was what's happening with the three waters reforms. Now, I can tell you, Nanaia Mahuta, she made up her decision on day one. She locked in on a model. She's gone through a sham consultation process with local government and, despite saying it would be voluntary, lo and behold, it's now been compulsorily acquiring the assets from ratepayers and citizens who've spent decades paying for them. I can tell you, the costs are unrealistic, the scale of benefits aren't there, there's massive cross-subsidisation between districts, and, most importantly, it's got a convoluted co-governance and management structure that, essentially, is like a set of Russian dolls that launders the asset out of the control of ratepayers and citizens and local government through a process to end up in the Government's hands. 