Mr. Paul Hogan:

It is simply a timing issue to ensure that someone has the responsibility to oversee this process. As it stands, the way the legislation is, the regulator cannot get involved in the process and the Minister's involvement has effectively been curtailed since 3 April. No one is responsible at present. Basically, that is for the lack of a transitional arrangement. This is a transitional arrangement given that we are well advanced on the three and that was not envisaged when the legislation was drafted.