McKelvie IanIAN McKELVIE (National—Rangitīkei): Thank you Mr Chair. It's a pleasure to take a short call in Part 1 of the committee stage of the Overseas Investment (Urgent Measures) Amendment Bill. I just wanted to follow on from Andrew Bayly's point because it is a very relevant point and it's quite relevant to this bill too because there's huge regulation-making powers in this bill. I just want to add to a point he made about the ex-chairman David Parker. Once I had the opportunity to write some letters on behalf of the Regulations Review Committee and I remember getting a fearful bollocking from a Minister for writing a letter to him—put me off writing them actually; that Minister is no longer a Minister. I just wanted to make the point that there are three matters I want to talk about briefly in this committee stage. Andrew Bayly interestingly also earlier on raised the issue of the potatoes flooding the New Zealand market and the ironic thing about that—and it's absolutely relevant this bill—is that if it does that it'll cause a significant distortion in the market because when in fact they come in then you'll see a drop in potato planting in New Zealand and of course there's been some legendary famines in history caused exactly by the same thing. So if there's no incentive to plant potatoes they won't be planted.Anyway back to the point. I want to ask the Minister briefly about some interesting stuff that goes on and that's going on right now particularly because of the challenges the tourism sector are facing. I have a very interesting case in my electorate where a sale of a motel—and I know we were talking about the Greymouth Motel; this is a serious motel—has been delayed because of COVID. Now that contract was signed but because of the extraordinary circumstances we've moved into that sale has been delayed. It's quite likely that sale may now be captured by the legislation. It would be very interesting to know what happens in that instance where we had a premature sale agreement prior to the shutdown and that sale has been delayed and will happen a little later. That's the first thing I was interested to know about.The other thing I think is not at all clear in this bill—and I know the bill states very clearly that overseas investors must inform the New Zealand Government of what their intentions are. I wonder what policing methods or what ability to manage the policing of this type of investment we have got in New Zealand. As I said earlier I realise the bill has some stipulations in it as to what those do but it's very difficult to ascertain exactly what and how the Government will control or will know about those types of investment.And again my question is specific to the tourism industry not that I think many of the tourism industry businesses would qualify under this legislation as a case where the Government was interested in the investment in them. But nonetheless some of those specialist businesses particularly in the adventure tourism areas are quite interesting businesses and probably have a long-term significant value to New Zealand. It's just a matter of whether they're caught up in this and when they are if those investors in them are understood.So there are a few I think odd things that—not odd that's a bad word. There are a few things that aren't clear at all in this bill to me. I think one of the reasons they're not clear is because the bill has been pushed through Parliament very quickly. I also understand that the third—or I suppose I could call it the long-form—version of this bill will turn up in Parliament in due course and may well be passed by the end of the year which will put an end to—not an end but will resolve—a lot of the issues I'm talking about.So those were a couple of questions I had and I think that it's an interesting premise the bill purports. As I said earlier there's some things that I think are hugely important in New Zealand and later on in the discussion on the committee stage we'll talk about the fishing industry maybe because there is quota and things like that which are specific to New Zealand and I think they should be retained and definitely need to be perused by legislation like this. So there are some things that I think are very useful. So Mr Chair that's my lot thank you.