Mr. Paul Gallagher:

The situation in the institutes of technology is quite different in that the education superannuation scheme is already State administered and the institutes never had any liability and did not administer or pay those pensions. However, as a result of the single pension scheme, there are new requirements in terms of how future liabilities are calculated and where they are provided. We are just working through, with the Department and the Comptroller and Auditor General, how we incorporate that into our accounts. Essentially, they were never included in our accounts.