Lees-Galloway IainHon IAIN LEES-GALLOWAY (Minister for Workplace Relations and Safety): Thank you very much Mr Chairman. I would like to speak to the Supplementary Order Paper that the Minister has tabled Supplementary Order Paper 195. It's quite a substantial Supplementary Order Paper and I would encourage members to give it a thorough examination and I'd also encourage members to vote in favour of this Supplementary Order Paper because I think it makes some thoughtful and helpful amendments to the bill that the Minister Mr Faafoi is progressing through the House.I note that it amends several aspects of Part 1 which we are currently debating. It amends clause 23 of the bill by inserting new section 403(4) of the Financial Markets Conduct Act (FMCA) a condition prohibiting or restricting a financial advice provider from engaging a financial adviser who is also engaged by another provider. I should imagine that is to ensure that there's no suggestion that they are in any way operating against the best interests of the advice provider that is engaging them and obviously potentially operating against the best interests of any client who might be receiving advice from that provider. If I'm incorrect in that assumption then I'd be very happy for any member to put me right on that. But that seems like a useful and sensible addition to the legislation.Likewise there are changes amending the transitional provision in new clause 76 of Schedule 1 of the bill to ensure that decisions relating to transitional licenses can be appealed under section 531 of the FMCA. That is what is usually considered a reasonably technical amendment to the legislation but is nevertheless one which I'm sure will make a significant improvement to the legislation.It seems to be that actually in fact there are a number of changes to the transitional provisions of this legislation and of course it's always important to ensure that as we are moving to new legislation or making amendments to legislation we move from one regime into a new regime we get those transitional arrangements correct. One of the things that I think all Governments hear—from business from community and from anybody operating under the legislation that we pass in this Parliament—is that they need certainty and clarity particularly through transition phases where it is important that people understand their obligations and they understand their changing obligations and what has been put in place in the legislation to support their transition from what they are currently obliged to do to what the requirements will be under the new legislation. So I applaud the Minister for bringing these amendments to those transition arrangements to bring more certainty and more clarity to the way in which those transitional arrangements will be implemented and to give certainty and clarity to those financial service providers who will be regulated by this legislation.I think those are the particular aspects of this Supplementary Order Paper that took my attention but I do note there are a number of changes in this Supplementary Order Paper many of which pertain to Part 1. I have no doubt that those are matters that the committee will want to consider and examine at some length.