SpeechDr JIAN YANG (National): I rise to speak briefly on this Auckland Regional Amenities Funding Amendment Bill. I want to thank my good friend and colleague hard-working MP Dr Parmjeet Parmar who sponsors this particular bill. Now she's based in Mt Roskill. She's very close to her constituents and that is why this bill is under her name. She is the sponsor and we should recognise the hard work and also her contribution to the Governance and Administration Committee because the committee did consider this bill very thoroughly and Dr Parmjeet Parmar always came to the committee and listened to submitters and made all sorts of recommendations and decisions—so good work. I'm very pleased that finally we now come to the third reading of this particular bill.This is a very good bill. It is not a major bill yet it is very very important to Aucklanders because it involves some specified amenities which are important to Aucklanders—right? The bill itself helps some specified amenities by allowing them to do financial reporting or statements under one particular single set of requirements and that is of course the generally accepted accounting practice (GAAP). At the moment of course legally they have to do both this one that we call GAAP and also the other one that is NZ IFRS—that is New Zealand International Financial Reporting Standards. So basically there's a duplication. This is due to a particular error in legislation. That is why this bill although not a particularly major bill is very important because these amenities are so important to Aucklanders.Now many of these amenities of course the previous two speakers have mentioned. I can still go through some of them. There are nine amenities who are receiving funding from this particular Act—that is from the Auckland Regional Amenities Funding Act this particular Act. Now when you look at the Auckland Arts Festival—I actually had a look at their website just before I came to the House. They have had many events largely based on of course arts—that's painting music—and very innovative arts. Also they do education so many children could learn from these particular activities organised by this Auckland Arts Festival. Also the Auckland Arts Festival has a specific focus on ethnic communities so we could see arts from the Asian community Pasifika and Māori communities. So it's very important for these communities.And also look at what we call the Auckland Philharmonia Orchestra. Of course we all understand people listen to music and every year over 250000 Aucklanders would go to the concerts. So that's a large number. Also they have an education programme. Kids children would come to these concerts and they have their own outreach activities to all different schools just like Stardome Observatory. So they're similar. Similarly they have these education programmes. Actually at the moment they are more actively engaging schools. Their staff would go to schools to give them knowledge about the universe and space. So all these amenities they are not huge amenities yet are very important to Aucklanders. This bill itself will then make it easier for these amenities to do the financial reporting.At the committee stage of course we made some changes including the commencement date. Basically we could include the financial years when this legislation commenced. Also we have another amendment and that is retrospective validation because they have been doing this financial reporting since the 2014-2015 financial year and then now basically we will say in past years it's still fine for them to have one single set of financial reporting. They do not need to go back and do the second one. So this will make the job easier.So the bill itself—as I said it's a very good bill and very helpful. I thank Dr Parmjeet Parmar for her work. I thank all the submitters particularly the Auckland Regional Amenities Funding Board for their contribution and various other contributions. I commend the bill to the House.