Ngobi TerisaTERISA NGOBI (Labour—Ōtaki): Tēnā koutou Mr Speaker. As always it's a privilege and an honour as the member for the Ōtaki electorate to speak on the New Zealand Superannuation and Retirement Income (Fair Residency) Amendment Bill. I also didn't sit on the select committee for this bill. However I feel like I do have a real good interest in this and the reason why is because through the Ōtaki electorate we have the oldest population of seniors of kaumātua in the whole of Aotearoa New Zealand. And that also comes with a high proportion of needs in terms of access for those seniors as well. We also have the second highest vets in New Zealand—those wonderful people who served our country which is also really amazing as well. And so I guess that means that anything in terms of the senior or the kaumātua space is critical to the Ōtaki electorate and to the people of the Ōtaki electorate and so really interested to see what this bill can do for our people.The essence of it—and we've heard this already—is we know that this bill is to increase the minimum residency qualification for New Zealand superannuation taking it from as we know the current 10 years to 20 years. Currently a resident of 10 years is entitled to full New Zealand superannuation and that's without any requirement to do any kind of financial contribution. And we also know and we've heard it as well that globally 10 years is quite a short time frame in terms of residency to be able to access full entitlements. Increasing the residency requirements for New Zealand superannuation is about fairness and it is about improving fairness between the long and shorter residencies here in New Zealand. And it also does safeguard the future of superannuation for New Zealanders. We have some—and I know our Green Party colleague talked about this—of our seniors and in the Ōtaki electorate with quite a low income rate as well and they are people that are unable to save towards their superannuation and don't have the luxury as our Green member talked about of owning a house or of being able to save savings so that they can maybe finish work a bit earlier. So we do have quite a high population of our seniors of our kaumātua who work maybe not full-time but sometimes part-time just to top up their living standards as well. In saying that if we don't safeguard our superannuation what about those vulnerable kaumātua? What will they do? So this is really important to make sure we do that.I've also had the privilege of working for many years in the Ōtaki electorate at Work and Income so I've also worked with those people who are transitioning or working towards superannuation or quite often what they called it was the big one" in our Ōtaki electorate and that is a lot of planning. There's a lot of prep that goes into that to help them adjust from what they might currently be on in terms of financial assistance some type of benefit to what it will look like in terms of superannuation and what they can and can't do. Our case managers out there work with these people that work towards that and for some of our people it could be that they are finishing up work and they are moving towards superannuation so that's full budgeting and getting them prepared for what that could look like. We also have some people that want to like I said work part-time. Maybe they aren't able physically in terms of their health to work full-time any more. So they work part-time and they also can get the superannuation as well. But then there is also that small part of some of our people that have been really lucky in the last 10 years as a 10-year resident and been able to fly in and out of New Zealand within the 28-day travel rule for the Ministry of Social Development over a period of time and then all of a sudden they're able at 65 to get the full benefits as everyone else.I believe this is a good bill. I think that again it brings that fairness into it. I believe that again my interest is in safeguarding superannuation for all New Zealanders when they do hit their 65 and get "the big one". It's also important to note that this side of the House are not looking to increase the age. So we are keeping the age at 65 because that is fair and reasonable. And again I think this is a great bill. Congratulations to Mr Bayly and I commend the bill to the House."