*  *  *  Ladies and Gentlemen, I wish to pay grateful and affectionate tribute to the members of the Directorate who left the Bank in 2006 after decades of dedicated, rigorous and judicious work. They accompanied me in my first steps in this institution, providing the support of their loyalty and experience.
I should also say a few words about my own institution. You will not be surprised to know that we have also put a lot of effort into our own systems to make sure they are Y2K compliant. One of our most important is our electronic direct entry system which handles all of Australia’s pension payments.