Absolutely, Mr. Speaker. The Financial Administration Act is about an inch thick and has an awful lot of stuff in it.
This particular bill says that it wants to exempt itself from divisions I to IV of the Financial Administration Act, which is the bulk of the Financial Administration Act. We are saying we have no problem with that, except we should leave in the small sections that say the auditor general can audit it and that it should report to parliament.
The amendment says that sections 89 to 119, 127 to 130.2 and 153 to 154 will not apply to the Canada Pension Plan Investment Board. It is simple to say let us keep the good stuff and exempt it from the stuff that should not be there. This is not rocket science. It is called good public policy. Yet the government just wants to make a blanket policy and exempt it from everything.
The Financial Administration Act is about an inch thick. We are saying do not exempt it from everything. Exempt it from the things that are appropriate and leave it responsible and accountable for the rest. We thought that was simple stuff.