It is incorrect that it becomes a contribution. It becomes an illegal donation. That loan must be repaid. The loan must continue to bear interest, and both the interest and the principal must be repaid with Bill C-24 eligible contributions from individuals under the limit prescribed by law.
Those loans must be repaid. It's all done very transparently. Every expense generated by that amount of money is reported. Every loan is reported. I would note that the Liberal Party went further than the Canada Elections Act required in prescribing that candidates divulge those loans upon entering and registering for the leadership race. In other words, we were not required to require the candidates to do that. We asked them to do that, and we thought it was an important level of accountability and transparency. We went over and above the law, and I do not agree with your observation at all.