Thank you for the question.
I think the budget and the subsequent bill address that in a very technical manner. I believe that if one were to look at the existing legislation, I would certainly interpret it as having established that separation, I believe, way back at the beginning of the universe in 1992, when there was a total reform of the financial sector, and when the legislation for the insurance industry was updated for the first time in 60 years. That was a major update. The separation was created at that time.
What I understand from the evidence the minister has given before one of the other committees is that there may have been products introduced in the market about which there may have been uncertainty in terms of where they fitted, and the government wanted to reinforce the separation that is in place.
As I said in my remarks, I see that as very much a technical amendment to reinforce the rules already in place.