Item 3 is on the Financial Reporting Advisory Board. Members have the exchange of correspondence that Andrew Welsh and I had earlier this year—on behalf of the Finance Committee and the Audit Committee—with the Minister for Finance and Local Government. Members might think that it is rather odd that the minister's response is dated 30 May and that we did not receive notice of it in June, but the reply was late in being received by the clerks so we did not have an opportunity to consider it. The content of the reply is pretty clear—the Audit Committee considered it last week and was content with the explanations in it. If members have no comments on the content of the minister's letter, we will simply note the correspondence.