Mr. Evan Cullen:

We do not believe that is possible. The IAA is a unique organisation. It writes its own statutory instruments, it is not subject to freedom of information legislation or the jurisdiction of the Ombudsman and, currently, it operates as a commercial entity. It is an extraordinary organisation by any standard, not least in the western world, as we know because we have examined other jurisdictions. Other jurisdictions have always made the distinction between regulator and policeman, and commercial activities in aviation. For reasons we do not understand, this unusual entity exists and it is now, thankfully, being addressed. It was probably a political ideology in 1993 too, I would say, that gave us a financial services regulator.