Mr. John Barry:

In November 2012 when we put our budget together at the request of the Department we gave the CER information on where the budget was, what the likely figures were and the spend. That was purely for information because the CER had no statutory force at that time. On the expectation that it would become the regulator we gave it information.

In October 2013, we went back and made a formal submission to the regulator. The numbers were the same. The spend categories were the same. The number in contention has not changed. After we gave it to the CER, it came back and asked a series of questions. We responded to those questions. I take Mr. McGowan’s point that a more detailed analysis probably needs to be done. That will be done in due course I have no doubt.