Bennett David: Land Transfer Amendment Bill Tax Administration Amendment Bill — Third ReadingsText is incorporated into the Bound VolumeBennett David: Land Transfer Amendment Bill Tax Administration Amendment Bill — Third Readings[Sitting date: 10 September 2015. Volume:708;Page:6543. Text is incorporated into the Bound Volume.]DAVID BENNETT (National—Hamilton East): It is good to see that the Labour Party members are voting for this legislation. It is quite different from what they have done for the last—when they were in Government for 9 years they did nothing in this area absolutely nothing. This Government has done something and it is more than the Labour Party ever will do. The Labour Party sat there for 9 years in Government and never even thought about doing anything like this.The property market has not just created itself; it has been going on for many years. The Auckland property market has had major increases in prices under the Labour Government and it did nothing—did nothing at all. Then Labour members have the gall to come into this House and say that this legislation is not enough when they did nothing. That is the nature of the Labour Party in this area. They did nothing zero squat.But then what would the Labour Party have done? The Labour Party one day wanted to have a capital gains tax and took it to the election and then its leader said no no capital gains tax. So what are the Labour Party members going to do? The Labour Party has still got nothing. Labour members have got nothing that they would do now. Their plan was for a capital gains tax and then they threw it away. Andrew Little threw it away after the election. He threw away the capital gains tax. So the Labour Party has got nothing. Labour did nothing and will always do nothing because it has got no plans in this area.Phil Twyford is sitting there. I want to see Phil Twyford get up and talk about the new housing policy that David Clark mentioned last night. David Clark told us this week that you have to live in New Zealand to own a home. David Clark’s policy is that if somebody—Mr DEPUTY SPEAKER: Come to the bill.DAVID BENNETT: —is not living in New Zealand they do not have the ability to own their own home. They have to sell it. That is the Labour Party policy. That is what David Clark said in this House this week. He is about nothing—Sue Moroney: I raise a point of order Mr Speaker. I think that we are about oh 2½ minutes into this speech and we have not heard anything about the legislation yet. Could you bring the speaker back to the purpose of the legislation please?Mr DEPUTY SPEAKER: You have made your point of order. Please take your seat. I call David Bennett and ask him to remember that he is speaking on the legislation arising from the Taxation (Land Information and Offshore Persons Information) Bill.DAVID BENNETT: Yes Mr Deputy Speaker. That bill is a very important bill because what we are doing in that bill is we are asking for IRD numbers and getting people to register. Opposition members said that that was too little too late. Well they did nothing when they had the chance and they do nothing now because they have thrown away all their policies in this area apart from the new policy that David Clark came out with and that is that you have to live in New Zealand to own a home. That is the Labour Party members’ approach to this bill when they talk about it doing much more in this area. This is a good bill. It is actually part of a suite of measures in this area and we commend it to the House.