Thank you. I am glad that the Minister intends to correct that. I think he mentioned that the Development Corporation has to come up with an agreement with themselves and FMB on the definition of a job, and also look at the $10,000 subsidy mark. I would entirely agree. I agree that the Development Corporation has not been diligent. Not only have they not kept to this $10,000 figure...well, actually we have no idea if they have kept to this because they do not even count jobs. Instead of counting jobs, they have suggested we do not know how to define jobs, so we cannot count it. No attempt has been made to. Instead of analyzing the number of jobs, they have been able to rely on the fact that it was not laid out clearly and explicitly what a job was.
Before we take a look and decide whether $10,000 is adequate, we have to start counting these jobs and measuring, analyzing exactly if we are not hitting this $10,000 figure for subsidy maximums, where are we? Are we at $100,000? Clearly a review of this is not going to be adequate if we do not know where we are now. I think that we need to take an honest hard look at ourselves and see where we are before we even start to address whether $10,000 is enough.
It seems to me that in ten years, we could have been able to define "job". It is just amazing. I am glad the Minister has committed to look at this and I do not want to continue to beat him over the head with this stuff. I just think that it has been an ongoing problem for many years. Clearly we have been operating under a record of decision from FMB and we have heard that we are moving to regulation. The department agrees that this is the way we have to go. We have to be publicly accountable, and I am sure they have agreed with that for years and years. I would like to know a timeline. When can we see these regulations? When will we move away from it operating under this secret record of decision? How long are we talking about here?