Martin Tracey: KiwiSaver Budget Measures Bill — First Reading Second Reading In Committee Third ReadingText is incorporated into the Bound VolumeMartin Tracey: KiwiSaver Budget Measures Bill — First Reading Second Reading In Committee Third Reading[Sitting date: 21 May 2015. Volume:705;Page:3815. Text is incorporated into the Bound Volume.]TRACEY MARTIN (Deputy Leader—NZ First):Kia ora and thank you Mr Chair. I will take just a short call on the KiwiSaver Budget Measures Bill—just around the title of the bill. New Zealand First would like to offer some more appropriate alternative titles. Let us start with the “I’m All Right Jack Bill”. This is a Government that has forced beneficiaries into budgeting services so that they can better manage the little amount of money that they have and so they must go into budgeting services when they go to seek food because they are so desperate. This is a Government that does not understand the maths of its own Budget. This is a Government a member of which stands up and says: “I actually can’t make the numbers work.” and yet this is the bill it has put on the Table. Also the reason why “I’m All Right Jack Bill” would be a better title for this piece of legislation is that every member in this House has a substantial contribution from the taxpayers of New Zealand to their KiwiSaver accounts. How about we did not have a look at cutting that. How about that instead of taking this incentive from the everyday New Zealanders who require it and from the young people who are going to come into the workforce ongoing? To say that people are not going to sign up to KiwiSaver ongoing just does not make any sense when we continually have young people growing up and joining the workforce. For goodness’ sake! Think it through before you bring legislation to the House.Here is another one. Here is another title: the “Chop Our Nose Off to Spite the New Zealand Public Face Bill”. No matter what we are going to get into some sort of—an artificial—surplus. I will take a bet with you Dr Clark. I will take a bet. I will bet that this Government will not reside on those benches long enough to get into a real surplus—a surplus that is actually real. You and I—a bottle of lovely red wine that my husband produces. If I lose that bet it is on you. Here is another title that we might like to consider: the “KiwiSaver Blind Ideology (Surpluses At All Costs No Matter What It Does to the New Zealand Public) Bill”. How about that? Listen to the maths. I actually noticed that there was silence for a moment there when Fletcher Tabuteau who knows what he is talking about went away and did the maths. Mr Woodhouse has not done the maths and neither has any other member on the backbenches. I would actually suggest that it was very interesting that Mr Bishop remarked how many members of the Government benches there were down here today in the daylight actually talking or being around here for this very important bill as they stripped away an incentive from the New Zealand public from the young people who are going to come into the workforce and are going to join that scheme. So I suggest that the New Zealand public go and have a look at 8.35 p.m. 9.35 p.m. 10.35 p.m. and 11.35 p.m.—go and check out Parliament TV from last night and just tie that in with the comments that Mr Bishop made earlier today.Here is another title: the “KiwiSaver (I Don’t Know What I Stand For But My Whip Told Me To Vote For It) Bill”. This is what we have here. This is actually an incredibly important piece of legislation that has major downstream effects for the New Zealand family whether it be through the economy side of the New Zealand family or for each individual New Zealand family or each individual New Zealand worker. There are downstream effects of this for money flowing back into New Zealand and New Zealand being able to invest in itself the New Zealand family being able to back itself with its own money as opposed to seeking overseas money. This Government is very good at saying that New Zealand needs more investment. We agree. We would like to see New Zealanders being able to back themselves and long term this is exactly what this fund has done. But not only has this Government decided to strip away the incentives at the start of the scheme for any young person who wants to join up it has decided that you can now rip your contribution out. Instead of the purpose the scheme was made for you can rip it out and go and buy a house with it. So basically what the Government has done with this bill is again it has removed its responsibilities and its obligations to manage the economy wisely. It has decided that it is going to put this back on to the New Zealand public and the New Zealand public needs to be aware of it.