Thanks, Senator Henderson. Just to clarify on that $1.5 million, that is departmental administrative funding. It's actually got nothing to do with the ARC's research role. In regard to the role of the CEO, the CEO's functions include the administration of the financial arrangements of the ARC, evaluating the excellence, quality and impact of research in Australian universities, and grants administration. The CEO will perform its functions in accordance with any directions given by the board and will remain responsible for managing the day-to-day operations of the ARC.