Senator MURRAY (1:49 PM) —Minister, could you just recap for us the flexibilities that you believe are already in the legislation? So that you understand what I am talking about, I assume the flexibilities that are there and are established both in the bill and in your amendment are flexibilities relating to methods of accounting, to accounting periods, to threshold levels in terms of turnover and amounts of income received, to activity—in other words, the kinds of activities which generate GST status—or to others.

The points Senator Margetts made about the number of people who are involved in these not-for-profit organisations, the size relative to GDP, et cetera, were very strong. The government is as well aware as we are of the importance of this sector. But my assumption so far—and I welcome your response—is that the majority of those organisations, employees and turnover, if you want to call it that, relative to GDP are covered within the legislation. That is my understanding. As you know, we think it needs to be extended a little further, and we will be addressing that later, but I am not too sure that there are major problems emerging at this stage in terms of limitations.