Mr. Speaker, I also appreciate this member's important work on the Standing Committee on Aboriginal Affairs and Northern Development.
The legislation would apply to first nations' first complete financial year following royal assent. To the extent that the royal assent is received before the end of March 2013, it would apply to fiscal year 2013-14. First nations would have 120 days following the end of the financial year to publish their audited consolidated financial statements and the schedules and/or notes I referred to in my speech.