Mr. Nick Ashmore:

That mechanism has been proven to work because it was able to be withdrawn and used during the Covid-19 pandemic. It is events of that nature, scale and level of dislocation that are required to trigger it. I do not have the exact wording of the trigger points to hand but they are laid out in the legislation. The fund was designed really for those extreme situations. The fact that within the first year we saw an example of how it could work is probably important validation.