The bill proposes a three-year period to get rid of loans. In my recommendations report, and I was basing that on previous draft legislation, I was proposing 18 months. Three years is probably right, because even after three years we still see loans and unpaid claims outstanding. In terms of loans, it's about $600,000 after three years, and for unpaid claims it's about $400,000. The amount has gone down significantly, but there are still quite a few claims outstanding after three years.
On October 23rd, 2012. See this statement in context.