Thanks, Chair.
I just have two quick points that I wonder if the team to respond to. These go to exactly what we're talking about here.
The first is that, in essence, this amendment reduces the threshold for a review to zero for a net benefit review. The challenge there is that this runs counter to our trade agreements. It creates a problem for us, for example, with pension companies that are maybe invested in China, because in China we're a state-owned enterprise and then there could be retaliation. We don't want to create unintended consequences. I'd ask you to reflect on that if you could.
The other is, just to make it really clear for all of us here, in the case of... We just talked about net benefit reviews. Now we're talking about national security reviews. There is no threshold. Every transaction is subject to national security reviews, is that correct?