My question is addressed to the Treasurer. Given the central importance of the Australian Prudential Regulation Authority in ensuring the stability of the Australian financial system, why is it that one week before the expiry of the terms of office of its chairman, John Laker, and member Ross Jones, the government has not announced whether these members will have their terms renewed or be replaced by others? Are these among the many vital appointments being held up for last-minute decision in the chaos of the Prime Minister’s office?