For a typical Western Australian LNG project, the ratio is close to 10:1 (Department of Mines and Petroleum (2013), “Significant Resource Projects in Western Australia” <http://www.dmp.wa.gov.au/documents/Prospect_September_2013.pdf>, Prospect, September, p 32; Resources Industry Training Council (2010), Western Australian Gas and Oil Industry: Workforce Development Plan <http://ritcwa.com.au/LinkClick.aspx?fileticket=oH5bC1PV7aA%3D&tabid=133>, November).
Over the past 18 months, various working groups of the GFXC, drawing on a diverse group of market participants and central banks, have been working on the review. The proposed updates to the Code have been through a number of rounds of feedback with market participants through the FXCs round the world, as well as a public feedback process.