Thank you, Chair.
It compares the remuneration paid to top executives, generally the top five executives, in a publicly listed company between 2019 and 2021, and to the extent there's any increase in that additional remuneration, it can require a repayment of the wage subsidy for active employees paid during those periods. As you noted, those are prospective in nature and there's no repayment of past wage subsidy claims when companies would not have known about these new restrictions.
Of course, the government looked at a number of options and received feedback from a number of stakeholders, but what is in the bill is the government's response, in particular in respect of excess pay to top executives by wage subsidy recipients.