Court SimonSIMON COURT (ACT): Thank you Mr Chair. I'm seeking some clarity from the Minister. Minister I sat on the Finance and Expenditure Committee while ACT's permanent member Damian Smith had other duties. I do not recall climate-related disclosures and that they would be added into the mix of things that the Ministry of Business Innovation and Employment—the superministry in charge of managing our economic affairs our energy affairs and our immigration even—I do not recall the need to include administration of the Financial Markets Conduct Act those registers kept under section 2 of that Act would include climate-related disclosures.Now in all fairness to officials I only attended one session of the select committee but I can't find it anywhere in the regulatory impact statement funding of Companies Office functions I can't find it in the departmental disclosure statement but I see the Minister is getting advice from officials. It would be very helpful because while we in the ACT Party understand why some bills are—at very rare times—required to be brought to the House under urgency like the bill which we debated just a short time ago the amendment to the Arms Act which would make it lawful for licensed firearms holders whose license expire and the police can't relicense them in time—there's a need for urgency to resolve that situation. And then here we are hearing this bill under urgency and the Minister drops this remarkable disclosure on the committee which is that a whole lot of other organisations which pay levies—or fees and will now be paying levies—under this amendment to the Companies Act actually some of the costs—maybe if you're an auditor or a charitable trust or an industrial and provident society or even a registered union that some of your costs that your levies will go towards administering the overheads of the Financial Markets Conduct Act requirements to record climate-related disclosures.So Minister would you care to describe for the benefit of the people listening on their radio I think it's 882 AM from memory—I used to listen to Parliament on the radio when I was an engineer working on landfills or when it was late at night and I was supervising asphalt crews—maybe it's 882 AM—or if they're watching on Parliament TV because we don't understand how on earth the need to fund climate-related disclosures administration ended up in a bill where it's not mentioned—those three words aren't mentioned if you were to search this using some kind of word or Google search tool—and yet this remarkable disclosure of the Minister's own has now been presented to the committee for consideration at just before 11 p.m. on a Thursday night.If we think about say the charitable trusts who dutifully tell their donors—those earnest often young people often backpackers wearing sandals and some ethnic clothing they picked up backpacking in India—who will approach you with a clipboard and earnestly tell you that if you donate to Greenpeace you will help save a polar bear or a whale you'll help to stop microplastics—Andrew Bayly: What's wrong with polar bears?SIMON COURT: I love polar bears let it be on the record. You'll help to save those animals but it turns out that if you're donating to Surf Life Saving for example then some of the money that your organisation is paying in fees will in fact be siphoned off to the until now opaque not mentioned anywhere in the document climate-related disclosures administration component of the Financial Markets Conduct Act 2013.Minister you've revealed this to us and I'm always prepared to be amazed by something that the Labour Government does. Would you amaze us and tell us more about how this is intended to be funded? Thank you.