Henare PeeniHon PEENI HENARE (Minister of Defence): Thank you Madam Speaker and thank you for the opportunity to rise and stand on the Overseas Investment Amendment Bill (No 3). I would have really been interested to hear from that member on the other side of the House some of the other provisions in this bill that actually look to extend some of the protection rights and the rights of mana whenua and tangata whenua in this country. As we look towards land that has been sold off to foreign investors and the impact it's had on cultural ambitions of tribes here in Aotearoa on the cultural ambitions and historic values that this country hold dear to their heart I wonder what the other side of the House makes of some of those partnerships as we look towards strengthening that particular right of tangata whenua in a bill like this. It is really important as we look towards protecting our land. It's been made quite clear not just by this Government but by experts in this country that actually we must look to tangata whenua practices to ensure that the land is sustainable is protected and is cared for for future generations for our young people. That also raises the point about how we get investment into this country. It's really important that we want to encourage investment into this country but not at the cost of losing our land and our valuable assets to foreign ownership to foreign hands. It's quite clear to us that in order for this country to make sure they protect their natural resources and their whenua for future generations we must have a bill like this to ensure that. In the absence of the Māori Party which I'm quite surprised about—not speaking on such an important matter is really actually quite concerning given the fact that this side of the House take our relationships and our partnerships you know to heart and actually want to make them impactful and meaningful into the future with iwi with iwi chairs because as we look towards the way iwi have invested into making sure that primary products and the primary products industry here in Aotearoa are supported iwi have stood up to the mark and delivered. Now I want to address just finally one of the comments by the previous speaker Nicola Willis about the rugby team in Wairarapa. From where I come from in Te Tai Tokerau actually forestry's a big part of where we are and our rugby team is booming. In fact this weekend Moerewa is playing Horohoro—both clubs dear to my heart—and I'm looking forward hopefully to seeing a good result this weekend.Hon Member: Who's going to win?Hon PEENI HENARE: I'm not going to put my money on a particular team but say this—say this. The support for forestry actually in a place like Moerewa has been really good and the way that we look towards growing the emissions trading scheme system here in Aotearoa means that we've got to be quite careful in the way we manage our resources into the future the way we invest. Sure farming has been one of those parts of our economy into the past and I have no doubt it will be there into the future. Forestry too will play a particular part. The resources like water and whenua will always be there and it's our job and the serious job of this Government to ensure they're protected for future generations. Kia ora Madam Speaker.