Ms Lucia Crimin:

It is both. Under the Act the RTB is able to commence an investigation of its own volition or in response to a complaint from a member of the public. As I mentioned earlier, compliance and achieving compliance is the most effective and efficient way that a regulator can operate. As the Deputy has rightly pointed out, we have more data and better data than ever before. We have commissioned work on the property level analysis looking at the rental amounts associated with each of those properties. This will allow us to see over a period of time how the rent amount associated with a particular property changes over time. This is a completely separate and distinct piece of analysis from the rent index. We expect that by the end of this year we will have much greater insights. Unfortunately I do not have any anything to share with the committee today but I am aware of how the work has been designed. I am very confident that what it will tell us over time will really point to specific addresses and properties where there appears prima facie to be a breach of an RPZ, in which case the RTB will then be able to take proactive action against that. This will be done in a bulk way where we can identify large volumes - hopefully not too large - and potentially we will be able to automate that detection and put potential non-compliance into a compliance channel.