Ms Susanna Lyons:

There is probably some assurance here. Mainly if an organisation is an AHB and is subject to all aspects of our Act - and some examples were mentioned by the Chair - we have the powers to require information and records. Where we do not believe that properties are being managed in the appropriate manner, we have the ability to cancel its registration and transfer those assets only if it is still within mortgage. Once outside mortgage, these assets are owned by independent organisations. We then move into the more complex area of the Charities Act and charitable law. For an assurance framework it is unusual for organisations not to have a mixture of funding and funding tenure, as in the lifetime of that. The regulator is not just regulating a specific property that it is just funding; we are regulating the organisation and how it manages the properties, how it owns them, leases them, maintain them and so on. We have the ability to ask questions on that. That provides an assurance.