I’ll leave that question, Madam Chair. Of interest, of course, is the renewal of key

federal transfers, in particular the Territorial Formula Financing Agreement, the 2018-19. I must have been dreaming, but that’s the first I’ve heard of that and I know we had a pretty good one in place up to 2014. I’m wondering if the Minister could comment on how it looks for the subsequent four years, if the previously existing one is still good through 2014 or if this one replaces that. That would be good to know about. Of course, the others are important too. We’ll hear about those eventually, I’m sure.

I also agree that the Financial Administration Act needs a lot of attention and we had some discussions before on that. I’m sure we’ll have lots more. So I’ll be looking forward to what comes forward on that.

I was disappointed that the Petroleum Products Act wasn’t mentioned again. Just for clarity, the concern there, one of the concerns is the taxes are very random in that for the different fuels and there’s little explanation or reason to them. So I think they need a good review and revision. But the big one is that the natural gas is currently not taxed. So anybody that uses them, the biggest corporations in the world can use them for energy generation and pay no tax, whereas the municipalities next door would be paying tax on what they use in terms of diesel fuel generation and so on.

I’m wondering what this department is doing in terms of preparation for devolution and I didn’t see much on that. I was also disappointed that there wasn’t a commitment to doing a review of resource rents, especially given devolution and our anticipation of very soon taking over those authorities and I would hope that there would be some work started on that soon. Thank you, Madam Chair.