We are here, it seems, just to protect the interests of Telstra shareholders. I think there is a legitimate debate to be had about whether or not these proposals will in fact be detrimental to Telstra shareholders. I think there are some good reasons why Telstra could in the long run become a better company and could deliver better shareholder value as a result of these changes. I will come to that in a moment. That view is not without support amongst those that know a little bit more than the member for Mayo when it comes to valuing shares in the marketplace.