Brown SimeonSIMEON BROWN (National—Pakuranga): Thank you Madam Chair and thank you for opportunity to take another call on Part 1 of this piece of legislation. The question I've got is in relation to the tabled amendment which my colleague Scott Simpson touched on earlier in regards to the clear advertisement of the fees and charges or the discount. The Minister effectively answered half of the question that was put in regards to these tabled amendments but was very careful in his reply to not answer the other half. My tabled amendment says that when it comes to the clean car discount or the clean car standard the amount that the Government is increasing the cost of that vehicle should be transparently put in the advertisement for the cost of the vehicle and if there's a discount the discount should be clearly advertised as part of the cost of the vehicle.There's a number of reasons for this but the Minister was very quick to say Well yes of course of course I agree with that. In fact I'm going to ensure that through regulations the discount is advertised." But he didn't mention anything about the fees or the charges. What he's trying to do is pull the wool over New Zealanders' eyes by advertising how gloriously amazing his scheme is in terms of the discounts but actually when it comes to the fees or charges "Well no no no those have to be hidden away. We can't talk about those. We can't disclose those because actually I don't want people to know how much extra they're paying for their vehicles." If we can have it one way Minister why can't we have it both ways? Because this scheme relies on robbing from Peter to pay for Paul. If you're going to rob from Peter Peter should know how much he's paying; if you're going to give to Paul he should know how much he's getting. So my tabled amendment effectively says when it come to the clean car discount or the clean car standard both of those fees and charges or rebates should be transparently placed as part of the advertised cost of the vehicle. The question is: why does he just not simply adopt my tabled amendment which seeks to do that and which will allow for that transparency to be put forward out there in terms of the market and people to make those decisions?The other point I would like to make in regards to that point is that for a consumer who's going to buy a new vehicle it's actually important that they know what the actual value of that vehicle is. For instance if I'm going to go and buy myself a $25000 ute and the price of that is actually $29000 and I don't know that $4000 of that is actually a tax—it's probably going to be more than that of a tax—but the actual value of the asset that I'm purchasing is $4000 less than what I'm paying as a consumer I should know what the actual value of that particular asset should be. Of course that has an impact if you're a business in terms of the value of asset that you put on your business's balance sheet in terms of those accounting practices. There may be implications in terms of what banks are prepared to loan against the value of that asset because the resale value may not be as high as what you actually paid for it. So in terms of asset financing that could potentially become an issue for the banks. So the question here is—actually the value is really important and if you're getting a discount on the vehicle it's also important that you know what the actual value of that vehicle is that you're purchasing—even though it may have a discount attached to it.So the question here is: why not pass that tabled amendment make it abundantly clear to consumers so they know what they're paying they know what they're getting and they know what this Government is taking at the same time? I ask the Minister to address these issues. Thank you Madam Chair.Hon MICHAEL WOOD (Minister of Transport): Very happy to address that issue and to clarify for the member that the Vehicle Fuel Economy regulations will include provision for both the discount or the charges that apply for the clean car discount scheme."