Boyack Rachel; Doocey MattRACHEL BOYACK (Labour—Nelson): Thank you Mr Chair. I do just want to come back to contributions made last night and the Minister for ACC's response to my question about my Amendment Paper in particular. Can I just begin by saying I did appreciate his commentary about my handwriting. When you're the daughter of a teacher that's what happens. I will acknowledge I did learn cursive handwriting but obviously that hasn't translated into the final handwriting style that I used. But I do appreciate the very kind words about my handwriting. Thank you for the compliment Minister.I want to come back to my Amendment Paper around clause 17 that's in new Part 5 inserted into Schedule 1AA. The Minister's response as to why he wouldn't accept my amendment which would permanently make the percentage of interest payable on a three-month instalment period zero percent and on a six-month instalment period zero percent was because it wouldn't allow flexibility going into the future. I just have to put on record that that actually concerns me. This has been the practice for some time—that if you have an instalment over a period of three months or six months it's only zero percent. We know that one of the reasons this legislation has come to the House is because it has been the practice for a large number of years and what the schedule seeks to do is allow the Minister to make regulations in the future that would change that.That is of concern to us in the Labour Party—that this has been the practice for some time—and I guess what I would like to hear from the Minister actually isn't that he's looking for that flexibility but that he is actually committed to retaining the zero percent interest payable for those three-month and six-month periods. The 2.73 percent is the amount that's currently included for a 10-month instalment and so we accept that that is the current rate. But throughout this debate we have asked the Minister and just put on record those elements of concern we should always have around the use of secondary legislation. And that is essentially what this part does. So I and the Labour Party would like to see some more certainty even if he actually goes as far as to say into the Hansard today that it would not be his intent to change that zero percent. I think that would provide some assurance to small businesses who are the ones who often use this alongside sole traders.What it does open up is the potential for that zero percent rate to be changed and one of the benefits of us being able to use these tools is that people can access the ability to pay for their levies over a period of time at a cheaper rate than having to use other tools. What I wouldn't want to see is people who are doing a short three-month or six-month instalment period having to then make the choice to go and use a different type of financing tool—so potentially going to a bank or another financing tool that might have interest applied to it—because for such a small period of time three months or six months actually there's an administrative burden and an administrative cost to doing that in terms of having to take the time to go and make an appointment at a bank; all of those kinds of things. So there's some unintended consequences if we are to lift that three-month instalment interest rate above zero percent and in the six-month as well.I appreciate that the Minister responded but I just was concerned about the Minister's response that it opened us up to that flexibility. I really would like to hear from the Minister that there's no intent to change that zero percent rate because I think for people listening small businesses listening in who access this tool having that certainty is going to be very important for them. But as I've said I do accept the 10-month instalment period—the 2.73 percent is the current rate—so I've no objection to that being written into the Act in that nature. I would just appreciate that clarity from the Minister. Thank you.Hon MATT DOOCEY (Minister for ACC): Thank you Mr Chair. I understand the proposition of Rachel Boyack's questioning but I would just point out the advice I've received is that in fact up to 2021 under the last Government the instalments for three and six months were 5 percent.