Russell DeborahDr DEBORAH RUSSELL (Labour—New Lynn): I wish to address some of the issues raised by the previous speaker Jonathan Young. I note that on the whole they agree with this bill and that they are going to support it because of the terminal gate pricing mechanism. That is a good thing. I wish just to note that what this bill does is in fact prescribe that fuel companies must provide more information—they must provide more information to retailers and retailers must provide more information to consumers. It's hard to imagine a world in which more information is an evil; in fact more information is usually a good thing. So this bill makes the wholesale pricing mechanism in the fuel market more transparent; so more information is very useful there.It has rules in this bill to support fair contracts between wholesale fuel suppliers and their wholesale customers. It has a dispute resolution system. It requires fuel companies to collect and disclose information so that we can monitor the fuel market more effectively. These are all changes which create more information about the fuel market and make it more transparent. It's hard to understand how that is a bad thing. What I invite fuel companies to do instead of competing on the basis of differing levels of information is to in fact compete on the basis of more efficient delivery systems more efficient networks and in fact better supply systems for fuel rather than competing on information alone.The previous speaker also raised concerns about the process around this bill saying that it was rushed but I point out that there was a Commerce Commission report; that following the Commerce Commission report there was extensive consultation by Ministry of Business Innovation and Employment officials as to what should be in the bill; that when officials first briefed us on the bill they were able to predict with a high degree of accuracy what particular submitters would say based on that previous consultation. So there has been an extensive process of consultation on this bill. Although it might have perhaps had a shortened process there was no sense in which there was no consultation on this bill and no signalling as to what was going to happen. The entities that came and submitted to us were fully informed about the contents of the bill. So I am confident that the bill we have here is a good bill.Finally I just wish to thank all the people who were involved in the select committee process. In particular I wish to thank the officials. The fuel market is complex and they spent quite a serious amount of time explaining the fuel market to us highlighting the points where there were issues and helping us understand the bill. They were very patient with us as they did that. I would also like to thank all the people who made submissions on the bill and came and talked to us about the issues there and to thank of course the members of the committee who worked on it with me. I would like to express here particular thanks to Mr Jonathan Young who does have quite an in-depth understanding of the fuel market and from the Opposition side of the committee he brought that understanding to ensure that we actually did very well in terms of the process around this. So without further ado I commend this bill to the House.