Senator CORMANN (Western Australia—Minister for Finance) (14:24): We do encourage all Australians to preregister their interest, and those Australians who do will have the opportunity to apply for a greater allocation of shares, if that is what they want to do, once the sale process proper is underway. In relation to Medibank Private policyholders, if they preregister they will be able to get a greater allocation of shares than members of the public who are not Medibank Private policyholders who preregister. Preregistration is essentially an expression of interest in receiving a prospectus, either in digital form or in hard copy. The government would say that it is up to every individual investor to make a judgement, after having carefully considered the prospectus and having taken proper advice, as appropriate, from a financial adviser, on whether that investment is suitable for them.