I would just like to clarify my position on this. Sometimes we're not always so difficult to deal with in terms of the industry base. This gives surety to everyone that this is the process we're going to follow. It also puts weight on parliamentarians to ensure that when you do review it, you put it to a point where it would be appropriate for the next five years. I don't think any industry can feel comfortable with the liability limit constantly being changed through this process. If we can't set a liability limit for five years, where are we falling off in our work? I'd say this puts the onus on parliamentarians to ensure that every five years they set a limit that is rational and reasonable and that can carry forward.
On December 4th, 2007. See this statement in context.