McKelvie IanIAN McKELVIE (National—Rangitīkei): Thank you Madam Speaker and I will be brief because most of the extremely valuable stuff I was going to introduce to this debate has been introduced already but I can't resist but to comment on a couple or three comments from Government members who've already spoken. And I want to start with the last one Greg O'Connor who I think vastly or grossly underestimates the diligence of our Reserve Bank Governor. I wouldn't want to be on the end of one of his letters. I think that might be a bit testing. So that's the first thing I want to bring up.The second thing I want to talk about was something that Fletcher Tabuteau raised with relation to this bill as well. He talked about the gaps in the legislation. Well the unfortunate thing about legislation is every time we create a piece of legislation we create another gap. So you can't plug gaps in legislation with more legislation. And the third thing I want to comment very briefly on is that I sort of didn't really like the comment that Jamie Strange made. I thought it was rather a strange comment in fact where he accused us of opposing a bill that encourages ethical behaviour. I think we're really opposing a bill that in my view is liable to lump costs on the very people that it's designed to protect and I think that's the issue that I have personally with a lot of the legislation—not just this piece of legislation; the previous Government passed some pieces of legislation which have proved to be extremely expensive for those people that we're trying to protect as well. So we have a habit in this House of passing legislation without fully understanding the ramifications of it and making sure that what we do is going to in fact achieve what we want to achieve without imposing extra pain on the people that we deign to protect.Now there's a couple of other things I want to comment on and it's very interesting because I do think that some of our sales habits—or some of our incentivising of sales—over the years has been suspect. I myself have been involved in the motor industry for a long time and we had some very odd and unfortunate sales incentives set in that industry at times which actually cost the industry a lot of money. That's what almost always happens with poorly designed sales incentives. They almost always backfire on the industry in the end.The other comment I wanted to make was around education. I think rather than keeping passing bits of legislation to protect people from other people we'd be much better to introduce a whole lot more education into our system around financials and how people should manage their lives. I don't think it would be that hard. I know education's a touchy subject and I shouldn't be talking about it in Deborah Russell's presence but education for mine would overcome a whole lot of issues we have with these kind of rules that we're trying to put in place with legislation like this. Some of these transactions are quite complicated. We've seen a number of cases of very complicated banking arrangements that have ended up in court and ended up with people being repaid money and all sorts of things over the years because they are complicated. Even very simple transactions are complicated. So I think it's important that we get more education for the system.We aren't supporting this bill not because we don't think those people that it purports to protect need protecting but because we think it's a completely inadequate piece of legislation and partly already covered. So thank you Madam Speaker.