I should probably preface the answer on this by saying that there hasn't been a formal decision on timelines, and ultimately, a decision on how much to attempt to accelerate the process would rest with ministers, not with officials. The regulatory process, as I think all members know, follows a number of normal stages. That process can be accelerated when conditions require it. I think both ministers have expressed a sense of urgency around this situation, but the extent to which the regulatory process would be accelerated would ultimately depend on a policy choice. In any event, any regulatory process would still go through some period of consultation and of gazetting so that the public were fully aware of what the government intended to do.
On March 31st, 2014. See this statement in context.