Hon MICHAEL WOOD: The international evidence here is actually quite to the contrary. As I said, New Zealand is an outlier in terms of not having any kind of sector-based bargaining, as opposed to, for example, the most productive exporting economy in the developed world, Germany, and as opposed to our nearest neighbour, Australia, who has had sector-based bargaining in place for most of the past 40 years, and has higher rates of labour productivity than New Zealand, under the mainly individualised system of wage bargaining that we have.