Davidson ReubenREUBEN DAVIDSON (Labour—Christchurch East): Thank you Mr Speaker. I'm grateful for the opportunity to speak to this bill the Customer and Product Data Bill and I too am also a member of the Economic Development Science and Innovation Committee. So I look forward to—depending on how things go—seeing this bill come through to that committee for further examination as well. I also want to look at where this bill came from and the genesis of this bill was from the work of Minister David Clark and Minister Duncan Webb so I wanted to acknowledge their work in getting the ball rolling for this bill. Now I think when we look at a bill like this it's very important to not lose sight of the fact that people are not products. There's a risk that if we don't get a bill like this right that we miss that point and that we turn people into products. So if we look at what the purpose of this bill is the purpose of this bill should surely be to empower consumers to give consumers greater control over their data to give consumers the ability to compare prices—prices on things like interest rates on mortgages—to allow consumers to compare prices and to bring new entrants into the market. So to create the opportunities that gives consumers the nimbleness to pivot to move and that empowers new entrants to step into the market to create greater competition to create better value. It also enables the opportunity for open banking to be pursued for making it easier for consumers for people to move banks. That also should hopefully make banking and the banking sector more competitive. And that will be good for people.The other thing I think that we need to think about is that the information that this will give people will also give people options and that will give people power. One of the things I think we need to think about when we have this bill come to select committee is to look at what could be missing what could be some of the unintended consequences. I'll come back to my earlier point about the risk is that we turn people into products. There's some elements of this bill although I'll be supporting it that looks slightly upside down that turns people into units. You see that even in the shift of naming from what the similar bill we had was and was called through to what it's become called now.I think there's something wrong with Governments that think about people as units or products. I think we need to think about that and we need to think about the core values that we as a Government or that we in Parliament and at select committee level want to bring to the assessment of bills such as this.I'll finish on two final points. One is that I want as a thought experiment to imagine what might happen for New Zealand at the moment if we brought the same open banking approach to an open voting approach—where we see people feel that their interest rates are no longer the one that they want to go with and they are then more able to shift a bank imagine if we had a similar system where the Government that people had ended up with wasn't quite the Government that they were expecting or pursuing the policies or platforms that they were expecting and they could look elsewhere and shift their support to a different political party. We may well be living in a very different New Zealand if that was the case today. Because I've certainly over the most recent recess had the opportunity to speak to a lot of people in my community and around New Zealand who didn't vote for a lot of the things that they are seeing being moved through this Government at the moment.So I'll finish by saying that I will support with caution—with caution—because the original bill was initiated to support consumers to give consumers more power to give consumers more information to give people that power. And there's a risk that this bill in its current form has morphed into something that is just there to back business. Thank you.