I do appreciate the heads up the Member opposite gave me on this fairly complex issue. He referenced my statement of October 5th. Obviously, we can still improve and do need to improve. I do acknowledge that.

We have learned lessons through the exercise of our post-devolution responsibilities. There have been problems with the type of security that we have accepted in the past. I believe there was an unsecured promissory note that is not worth the paper it's written on, so we have learned that we should take more real security. Clearly, you must have real security. An unsecured promissory note is worth very little. We are taking a whole-government approach, if I can put it that way, to resolve this matter and provide the type of security we do need for these projects.