Tremain Chris: Credit Contracts and Consumer Finance Amendment Bill Financial Service Providers (Registration and Dispute Resolution) Amendment Bill — Third ReadingsText is incorporated into the Bound VolumeTremain Chris: Credit Contracts and Consumer Finance Amendment Bill Financial Service Providers (Registration and Dispute Resolution) Amendment Bill — Third Readings[Sitting date: 27 May 2014. Volume:699;Page:18365. Text is incorporated into the Bound Volume.]Hon CHRIS TREMAIN (National—Napier): Talofa lava and good evening. It is a pleasure to rise as the last speaker in the third reading of this credit contracts legislation. I just want to start by taking the opportunity to thank a range of people who havecontributed to this legislation no less than the Minister of Consumer Affairs Craig Foss who has been successful in bringing this legislation to this point. It has been long in its gestation. I am the first to admit that. I was one of the Ministers who shepherded it through for a period of time when I was the Minister of Consumer Affairs. So I understand deeply the issues that surround this legislation. I also want to thank Jonathan Young and the deputy chair of the Commerce Committee Clayton Cosgrove who have shepherded this legislation through the select committee and all members of the select committee for their contribution to this legislation. Most important I want to thank the House and those members of the House who are supporting this legislation tonight.Often members of the public see this House I guess through rose-tinted glasses or the view from the 6 o’clock news which often pits us at each others’ throats from across the Chamber. Actually 65 to 70 percent of the legislation that passes through this House is supported by the two main parties. If you asked the general public about that particular statistic they would probably shake their heads and say: “No surely that can’t be the case.” Well without having the exact statistics I would suggest that it is around that level. This legislation is supported across the House so we thank the Labour Party for its support on this.I also want to thank Sam Lotu-Iiga who has been a stalwart from this side. I know that the Opposition mentioned Carol Beaumont but on this side of the House Sam and Alfred members of our Polynesian community have been stalwarts in supporting this legislation. They have been at the centre of the communities that have suffered from irresponsible lending. They know first hand the impacts that it has on families and the difficulties that transpire as a result of irresponsible lending. So I just want to acknowledge those members of our caucus who have championed this legislation and got it to this point.In a nutshell this does change the legislation from start to finish. In my opinion even though it has had a long gestation period it does improve the situation and it does improve the position of those who are faced with difficult lending decisions often in the lower socio-economic demographic communities in New Zealand. I think it is a huge step forward. I acknowledge the Minister for his progress and those Ministers before him who have taken this path and I commend the legislation to the House. Thank you.