Mr. Robert Nicholson:

It is intended that the Minister would set regulations for costs, which would be allowed to be considered for cost rents. Effectively, the Minister would designate a cost rental tenancy. There would have to be an agreement, obviously, under the legislation, with the Minister as to what those costs would be. The Minister could set a regulation, for instance, to say that any private funds put in to developing cost rental units would have a maximum return of 4% or 5%, or something like that.

The legislation, as we see it, is modelled to a significant extent on that in Vienna. We got translations of that legislation and we talked to our colleagues over there, and this resulting legislation is informed by the approach they have taken. It basically allows the Minister to temper private returns on long-term investment in cost rental units.