Thank you for your question.
The act speaks to the authority of the minister to just set up a framework and then be aligned with international G-7 partners and their approach. The fact that you don't see it expressly in the act does not mean that this is not how it's going to flow, even if you look for coherence, because we are always talking about commercial development of oil, natural gas, or minerals. We're always talking about the reporting of payments to a specific payee; we do talk of projects.
So in order to make our report aligned and have the flexibility that is inherent in the EU approach, which we don't have because we have a legislative approach, and they have a regulatory approach.... In order to find the best possible instrument for addressing this and reserving the flexibility that they already have in their scheme, we've taken the approach that you see in proposed subsection 9(5).