Radhakrishnan PriyancaPRIYANCA RADHAKRISHNAN (Labour): Thank you Madam Chair. I wasn't quick enough off my feet earlier but I too had some concerns about this specific clause which is around the commencement date of course. Just to firstly I guess you know emphasise the fact that I too share some of the concerns of the previous speaker Michael Wood in terms of why there wasn't a commencement date at the start. I too find that a little bit odd I guess and would be keen for some clarity around that.The second point that was made as well—and I look at this from the point of view of someone who has run a charity previously. If I had been told sort of halfway through the year that I potentially had to change the way I was doing things in terms of accounting which you know is being accountable for huge sums of money that are entrusted to you and you want to be—one wants to be; not you Madam Chair—careful and cognisant of these matters when entrusted with such responsibility. So I too want a little bit of clarity around that.But I'd go a step further just bearing in mind the debate that we've had in this Chamber previously was around the change that this bill will make. That boiled down to I guess two different accounting standards. Not being an accountant myself or as well versed in the arts of finance as my colleague Dr Deborah Russell is from my understanding of this there are two separate standards. These specified amenities have actually been required because of an anomaly in legislation and contradictions of various pieces of legislation to adhere to both. And now that's what this bill fixes so that's what we're here for. Now how that relates to my question around the commencement date is just going back to that point made by the Governance and Administration Committee in their report. They've said in their in their report and I quote We propose that the changes would apply for a financial year that was in progress or recently completed when the legislation commenced as well as for future reporting periods." So my question there is not just the potential to confuse matters or to make things inadvertently more challenging for these amenities but also what change specifically. My understanding is that—this goes on to later clauses so I won't go into too much detail—the retrospective validation then goes back to the fact that these amenities were actually in fact adhering only to one standard and that's what we're also trying to fix I understand. Correct me if I'm wrong and this is to the member in the chair Dr Parmjeet Parmar. But my understanding is we're actually trying to fix things so that we or this House don't inadvertently penalise registered charities who are doing some exceptionally good work across Auckland.Then to my understanding or my reading of both the bill and the report that actually means that potentially there's not a huge amount of change because they were in reality adhering to only one set of financial reporting standards which was the generally accepted accounting practice and not—or it could have been the other way around: the International Financial Reporting Standards. I'm a little bit confused and would like a little bit of clarification around that as well. But anyway they were in effect adhering to one. We are changing things so that we're not inadvertently penalising them for doing so because of an anomaly that was created in 2015 when specific changes that should have been made weren't; so just a little bit of clarity.Just to summarise I'm looking for clarity around firstly the lack of commencement date at the start of the process; secondly why these changes would apply in a slightly I would think convoluted manner—in the way that I'm reading this in the middle of a year potentially—and thirdly what change specifically was the select committee referring to in that particular paragraph. The final point that I'll make is that the last paragraph under that clarity of commencement date part of the report says "We therefore recommend adding clause 4A which would insert new section 4A setting out the transitional provisions in Schedule 1AA." When I look at Schedule 1AA I'm actually a little bit confused about the specifics in that particular schedule. So potentially a little bit of clarification around what that means because as we know we try and make sure in this Chamber that legislation is as clear as possible to people at the grassroots. I suspect if we struggle a little bit to decipher it they would potentially too. So some clarification would be good. Thank you."