Company Law Reform Bill

I am grateful for that explanation. This side of the Committee is clear that we want an efficient capital market to operate. That requires openness and minimal obligations, without anything that cannot be justified as being necessary to protect shareholders and to ensure that business is conducted transparently and efficiently. The Attorney-General has probably steered a careful course between openness and imposing obligations. I note what he says about Clause 389(4)—that it provides for subsequent regulation. Those who have made representations to this side will wish to read the record and perhaps reach a considered judgment in due course. I beg leave to withdraw the amendment. Amendment, by leave, withdrawn.