Thank you, Madam Chair. Section 72 of the act relates to the fixing of rates. Rates are to be paid by the industry into different sub-accounts depending on where the activity is taking place. The sub-accounts are set up in regulations and the rates are set and they can be generally across the board to all sub-accounts or they can also be made particularly to individual sub-accounts. Those rates will be set or they can be varied at different stages in time.
I understand that the first rate setting by this government will take place for effective January 2015. That’s the plan going forward. At this point we have the existing rates previously set by the federal government. Thank you.