Radhakrishnan Priyanca; Rurawhe AdrianPRIYANCA RADHAKRISHNAN (Labour): Thank you Mr Speaker. It is with great pleasure that I rise to take a call on the Trusts Bill having spent a very minute amount of time really—well actually I've spent quite a bit of time on the Justice Committee but a very small part of that towards the end where we discussed the Trusts Bill which was an interesting one. I have to say I often reflect on the pieces of legislation that we debate in the House and some of them have a direct effect I guess on people's lives—some of them are incredibly life-changing pieces of legislation that we debate here. But some like the Trusts Bill while quite technical and indirectly making life easier for a large number of people are very technical bills and it's actually more about people being able to access legislation which is also very important because one part of legislation of course is having good solid legislation; the other is about implementing it and ensuring that people are able to access it and access their rights through it. Trusts we know are an incredibly important part of our society. We know that it's a legal structure that many families use for their family assets for their businesses and it's important that we clarify and modernise our legislation so that people know how to manage their assets in a good way. So while it appears on the surface to be a dry subject I think it's important that we get it right and that's what this bill does in the end: it clarifies it codifies and it modernises our Trustee Act and it has a reasonably far-reaching you know reach. So it also clarifies some of the misunderstanding that people have around trusts and the role of trustees as well. It offers a solution to some of these problems as I said previously by making the Act more accessible and modern. I'm sure that there are many lawyers around both in this House and outside who will welcome this particular replacement of the Act as well. So can I just at this point also acknowledge the work of the Justice Committee because it's been a long road. It's taken quite a bit of time to get to this point and I must say members have worked long and hard on this and collaboratively to reach this point as well. So a huge thankyou to the chair and members also. So this bill actually doesn't just modify the Act; it actually completely overhauls the Trustee Act. It takes some of those really core key principles from common law and ties them all together into something that people can understand and use because what's the point of having laws if we can't use them? I'll give you an example about accessibility of the trustees. It sets out some of those really core essential trustee duties and the mandatory trustee duties as well with some practical and flexible trustee powers so that once this is implemented we will actually see that trustees can manage and invest their property in a way that's appropriate for them. There are some clear rules set out in the bill as well about when trustees have to provide details and information so that beneficiaries can enforce the terms of that trust. It clarifies that and makes it a lot easier for people to use as well. Some standards that had some uncertainty around them in the previous Act have also been clarified through this bill. For example it won't be possible for a trustee to be indemnified for dishonesty for wilful misconduct or for gross negligence that is intentionally in breach of the terms of a trust. It clarifies that in practice as well. So there's a list of some of the things that a court must consider for example when a trustee has been negligent and that will provide much better clarity—it clarifies the responsibilities in a sense of trustees but it also at the same time allows some flexibility for courts to determine that as well because the list isn't exhaustive. So there are some things on it that must be taken into consideration but of course there's flexibility as well.So all in all this is an excellent piece of legislation. We've taken a long time to get there and I commend this bill to the House.ASSISTANT SPEAKER (Adrian Rurawhe): I call Dan Bidois—five minutes.