Thank you, Mr. Chair.
Thank you to all our witnesses today. I understand that we might be seeing you again really soon, so if we don't get through all our questions today, I guess we're going to have another chance.
I do have a couple of questions for you today.
The first one is probably for you, Ms. Hogan. Can you please explain what the term “lapse” represents? As well, how much was lapsed in 2022-23?