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Banking Bill

The Minister has not explained why, in his words, the Treasury ““may need”” to specify assumptions. What need is there? The Minister said that valuations need parameters. Why do they need parameters? If you appoint an independent valuer to value X, why can the independent valuer not go away to evaluate based on the facts and on ordinary valuation principles? We have to remember here that the Treasury is specifying some powers in granular detail, such as how to use averages or which valuation methods to use. We are not talking about high-level issues; we are talking about some very detailed matters. The Minister has not explained why the Treasury needs to do that, why parameters have to be set and why the Bill would be lacking if it did not contain those subsections.