Mr. Ed Sibley:

Like Mr. Tobin, I am not a constitutional lawyer, nor is it the role of the bank to give advice on the Constitution. We have been asked for our opinion. Having examined the draft legislation, our in-house team highlighted a potential risk with the constitutionality. I did not refer to that in my opening statement, however, because it is not a matter for us to opine on. Nevertheless, it is clear that it needs to be considered.