Mr. Niall Cody:

It is a valid concern. We have seen through a range of sectors where agents did not provide professional advice which can lead to serious difficulties for their customers.

An aspect of the customs clearance agent is not so much that the market controls it so well but that it is transactional in nature. We have seen through the years that if the agent is not doing a good job, the importer will find out quickly because of what will happen in transactions and the information in the business community, for example, that Gerry provides a very good service. The Senator's concern is important and valid. I do not know who would become the regulator. We could not become the regulator because that would be like us being the regulator of the accountancy practice or the legal practice. I refer to customs clearance agents not providing a professional service, goods being stopped and challenges there, and then there are areas around guarantees which agents can offer as well. The interesting aspect is that, in 1992, there was a whole infrastructure or series of businesses the business model of which disappeared and now the challenge is to get that back. The core is still there. Some of the challenges will be that bigger clearance agents might not see a small couple of transactions with a small importer as viable. Others will fall in to fill that niche.