Mr. Kevin Johnson:

Not everything. What I am trying to say is we are trying to cater for everybody's savings and credit needs. On the credit side, in his opening statement Mr. Corr referred to the three papers the group had submitted to the Central Bank. The high priority was lending. It led to the issue of a consultation paper from the Central Bank which takes on some of the recommendations. It is great to see the basis of the limits moving away from a percentage of the loan book to a percentage of the assets, for instance. That gives hope. There is potential in that regard.

In the context of being able to provide a broader public banking-style model, we have some concerns which we have raised. We will be very happy to send the committee the submission we made and the concerns we raised. I refer to when one starts to put caps on unsecured loan terms and restrict the ability to loan for buy-to-lets or second homes. On the point the Senator made about small businesses, the definition is now going to cover owner-managed properties only. It is also proposed to bring SME lending in with home loan lending and have one limit in that regard, which is difficult to understand. I hope the Central Bank, in its consideration of the submissions made, will review some of these matters. That is the purpose of the consultation process.