Hon MICHAEL WOODHOUSE (National): Thank you, Madam Chair, and I thank the Minister for that reply. I must apologise because my query was a little bit vague because at the time I couldn't find the specific example that was used in the commentary on the proposed amendments, which I now have. I wonder if officials may have given him an answer to a different question, so I'll point through the officials to the examples table on page 13. It's the fourth row down, which talks about the purchaser submitting an offer as part of a tender process that closes on 16 March. The offer cannot be withdrawn until 22 March, which was yesterday, but the purchaser does not withdraw the offer and the seller does not accept the offer until 27 March. So the Minister's answer referred to a slightly different scenario of the development of land, where they may have been inevitable delays and the offer is—I think he said—irrevocable. But, effectively, in the tendering scenario in that example, through no fault of the purchaser's actions—in fact, the purchaser doesn't even know that they're successful, so they submit the envelope on 16 March and 11 days later, their tax liability has, effectively, doubled in its term: their liability to pay a capital gains tax goes from five years to 10 years. So there may be a little bit more on that. It was the specific one.