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They amend sections 234 and 236 of the bill so that the operational provisions of the bill will no longer apply to petitions or applications for sequestration lodged before the commencement date for the bill where sequestration has been awarded by that date.
I would need to check the meeting date, but it is in the diary. What guidance on the bill will be available for stakeholders and members of the public?
We sometimes have real concerns about the time that is made available at stage 1 for dealing with substantial and complex bills. It seems that a start date and a completion date are agreed, and things then work back from when stage 3 has to be finalised.
Given that we are just past the first quarter of 2012, do we have a more up-to-date figure? We have been pursuing that issue, but we do not have a more up-to-date figure.
I must respond to the point that James Kelly made about independence and the funding of the banks. When a bank becomes too big to fail, we must ask, "Too big to fail for whom?"