Mr. Jim Baneham:

On the legislation, the word "equity" is involved in that, which can mean a couple of different things. At some point in time, it may mean an AHB, local authority or some other entity, including the LDA - the LDA might in fact be the first entity to do it - could put its own money into it and get some level of return. The kind of return it would get from it could also be regulated.

My current understanding regarding pension funds is that we are very much in the early days of cost rental in Ireland. Certainly, all the early schemes are very much reliant on the funding that either Mr. O'Leary's organisation or the LDA can provide. There have been some active discussions about local authorities getting involved in that space as well. Again, it is quite a new area for them to get involved in and it is something they need to get their heads around but there is certainly some interest in it.