While its depressing, there is a certain minimal size of body/costs beyond
which you probably can't seek to drop. 

I suggest that while they could achieve economies, its not realistic to imply
there is a linear relationship between the number of participants, and the
cost of regulation. It doesn't trend to zero Bruce.

And, I suspect the self-funding model in ACIF probably hides a lot of fixed
cost overheads, and other industry-borne costs.

.AU governance also requires international funding overheads. Does the ACIF
process have similar costs?

cheers
	-George
--
George Michaelson       |  APNIC
Email: ggm§apnic.net    |  PO Box 2131 Milton QLD 4064
Phone: +61 7 3367 0490  |  Australia
  Fax: +61 7 3367 0482  |  http://www.apnic.net


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