Senator CORMANN (Western Australia—Leader of the Government in the Senate, Minister for Finance, Special Minister of State and Vice-President of the Executive Council) (14:39): Let me just make the more general point that the government of course recognises that small-amount credit lenders and consumer lease providers play an important role in the economy by providing credit to consumers who in many instances are unable to access mainstream forms of finance. The implementation of the recommendations of the relevant report will ensure that vulnerable consumers are afforded appropriate levels of consumer protection while continuing to access those small-amount credit contracts and leases. Senator Kim Carr: This is the loan sharks. Senator CORMANN: Senator Carr is not even listening. The government acknowledges the significant impact that these changes will have on existing industry participants and will put in place appropriate grandfathering arrangements for existing contracts. Legislation will be progressed this year, with the changes applying 12 months after its passage. The PRESIDENT: Senator McAllister, a final supplementary question.