Whaitiri MekaMEKA WHAITIRI (Labour—Ikaroa-Rāwhiti): Tēnā koe Mr Chair. Thank you very much for the opportunity to speak on the Taxation (Business Tax Exchange of Information and Remedial Matters) Bill in its Committee stage. There has been a lot of debate in this Chamber from both sides of the Chamber and in my small time I also want to congratulate the Hon Alfred Ngaro the Minister in the chair on your elevation—congratulations.But I have a question and it picks up on some of the debate that has occurred in this Committee tonight and it is one around timeliness. There has been a lot of debate around how quickly the Government has acted in response to the Government Inquiry into Foreign Trust Disclosure Rules report and perhaps the Minister can answer the question.If I turn the Committee's attention to Part 1 clauses 3 to 6 we are talking about clause 4B(a) and I will read out the particular clause. I am not a member of the Finance and Expenditure Committee but as a particular layperson and a former small-business owner I read this particular clause in Part 1 under Exchange of Information" which goes like this: "(a) in the words before paragraph (a) replace 'in relation to a distribution' with 'at a moment in time':"—at a moment in time. So we are going from a particular clarity in legislation in relation to a distribution—and the Minister might clarify it for me if I have got this wrong but that to me conjures up a particular transaction so you actually know when that is happening—to "a moment in time" and paragraph (b) does exactly the same thing. It replaces "on the date of distribution" with "with the moment in time". Perhaps again I am asking: what is it? Is it the beginning of time the middle of time or the end of time? I think it is a legitimate question to ask the Minister in the chair particularly when this bill is attempting to make it easier for small businesses. So I have picked up that particular clause and perhaps the Minister can answer some questions on that.I guess the other point I wanted to ask in relation again to Part 1 Subpart 2 clauses 7 to 26—and I will not go on because I think there have been a lot of people talking against the publicly available register of foreign trusts and asking whether in this piece of legislation it has gone deep enough. We have had plenty of examples where people have addressed whether we are actually asking the right questions to ensure that we are meeting our international obligations to ensure that we are not perceived as a foreign tax haven. So those are two points I want to raise.My last point is in relation to clause 104 where we talk about introducing a "Henry VIII" clause. I do note that the committee debated quite a bit on this particular clause. It had a dollar threshold that it agreed to remove but the "Henry VIII" clause remains with the removal of the dollar threshold which actually has an Order in Council as opposed to legislation to address the intention behind that clause. I guess yet again it is a question in my mind and again the Minister may be able to answer why after the debate in the select committee stage—when I guess many members asked for that particular clause to be removed—the Government felt that it was better for it to remain in this particular piece of legislation. I am really keen to hear the Minister's response on that. Lastly Minister is Part 2 "Business Tax: AIM provisional tax method". Of course Labour wants to support making business in this country very very easy and very efficient. My question to the Minister is: in relation to that particular part in the Accounting Income Method (AIM) provision is there going to be support for small businesses as we transition into the new AIM methodology? It is not obviously clear in there but it may be something that the Government and the Minister in the chair could perhaps explain to the Committee as to how small businesses are going to transition into this new AIM method which is going to apparently make their lives easier in terms of paying tax. Thank you."