What's in the report, you understand, is a series of recommendations. It's not legislation. That could be used as a term of reference. Once again, the phrase is evolving. It's fluid. It needs to be. One person's understanding of financial literacy from one generation is not the same as another's. We need to keep the concept of financial literacy without specific criteria and without specific definition. It would be a mistake to ground it; we'd have to go through an entire legislative process and through Parliament to change any definition we'd put into legislation. It would be a mistake to do that. I think we just need to keep it undefined because, like a lot of other things, we know financial literacy when we see it.
On October 1st, 2012. See this statement in context.