Thank you, Mr. Chair.
Clause 4 allows for a portion of a dividend to be designated as an eligible dividend and a late designation of an eligible dividend.
One of the issues we have is in terms of revenues when you have an austerity budget that actually cuts. In this case, we are allowing income from dividends to be taxed at a lower rate than other income. In terms of strategy, we're talking about revenues.
We don't think the provision is right. We are against it.