SIMON COURT (ACT): Thank you, Madam Chair. To the Minister: so the ACT Party supports a fully functioning emissions trading scheme, and while the bill as presented to the House does not yet represent that—it does still fall short of that objective—we believe that any improvement to the functioning of the emissions trading scheme is desirable. So that's why we've tabled an amendment, which addresses a lot of the risks that some of the other members have addressed, have spoken about: the risk that, should the auction fail to clear, should the bidders bid above the reserve price but not enough of them bid above the reserve price—so the entire volume of New Zealand units does not all clear—