Ms Maria Graham:

What we were trying to do was to manage a process in advance of a statutory regulatory process. Therefore, we were engaged during the latter part of 2013 in preparing a range of documentation and engagement which would lead into the examination by the regulator. That included contacting the regulator on submissions it would require in order to look at these costs and ensure efficient expenditure. In other words, we had set up a regime to ensure the protections were in place, and then it was to be validated by the regulator. Then, when the statute was in place, when we had clarification on what questions we wanted to ask the regulator to answer for the Minister, we sought advice on that basis.