In terms of regulation-making powers for marine environmental protection, we can't stress enough that science and evidence are essential to the development of any new regulatory measure to ensure that they are effective, and we would also note that industry already has a great record of voluntary measures to protect the environment. In fact, these voluntary measures and guidelines, such as those promoted and implemented through the green marine program, have proven to be successful in the past in many areas of ship operations. When supported by evidence and developed in consultation with industry, voluntary measures are an effective tool and provide more flexibility over regulation.
In sum, we are very cautious about the proposed changes, as it is critical that these kinds of expanded powers be limited with proper safeguards. We also want to ensure that such powers are used in collaboration with industry to improve safety and protect the environment.
On the remaining question of amendments to the Marine Liability Act, some of the changes are quite extensive and given that there is a very complex regime in place here, we need more time to consider and provide reasoned comment.
We're happy to take any questions you may have.
Thank you.