Thank you, Chair.
I started off with this one erroneously when we started the amendments.
It is essentially to have some predictability, some firmness in terms of the rate, and some fairness in terms of transparency on what the rate would be, and to give a definition, so that it would read:
a loan referred to in subsection (1) at a minimum interest rate to be set as the prime bank rate plus 1% or higher.
Again, this is something that we think will provide more transparency and more fairness in terms of establishing what the rate is, so that there is no playing around with numbers, if you will, to gain advantage for any one particular group or political party, or candidate, for that matter. That is the intent of this amendment.
Thank you.