Young Jonathan: Electronic Transactions (Contract Formation) Amendment Bill — Second ReadingText is incorporated into the Bound VolumeYoung Jonathan: Electronic Transactions (Contract Formation) Amendment Bill — Second Reading[Sitting date: 19 February 2014. Volume:696;Page:16131. Text is incorporated into the Bound Volume.]JONATHAN YOUNG (National—New Plymouth): We are moving through this bill the Electronic Transactions (Contract Formation) Amendment Bill at tremendous speed because members of the Opposition have very little to say. I am very surprised at that. We live in an electronic age and it is imperative right through the systems ofelectronic transactions that we have in this country that they be foolproof and that when we see areas where improvements can be made no matter how small we actually apply ourselves to that. You know there is an old saying that if you look after your pennies then the pounds will look after themselves. It is important in regard to detail that attention is paid to it and that things are improved and that is what this bill brought to the House by my friend and colleague Paul Goldsmith does.It is small but he has gone through and shown through history that moments of transactions being conveyed and completed are very important for the economy of whoever may be involved. It is nothing to be trite about. We know that businesses have been lost because of transaction failures at times. No doubt relationships have been lost because of transaction failures at times. It is important as Mr Goldsmith has identified that this is an area where clarity can be achieved and this is what we have achieved in this bill.I guess it is part of this John Key - led Government that we attend to the detail of these sorts of measures and this member of Parliament this National member of Parliament has sought to do that. We are very committed to ensuring that we have a very competitive and robust economy. So although it may be in the mind of the Opposition to mock and make trite these things we take these things as small as they are as very serious. So I would like to congratulate and commend my colleague who has brought this bill to the House.It has gone through the Commerce Committee. During that process we had eight people submit. Members of the Opposition will acknowledge that we had some very interesting discussions during that select committee process. Although on the surface it may seem to be a small measure behind it there were some very interesting philosophical discussions that I think we need to acknowledge.As I come to the conclusion of my remarks I want to just mention that we did find in our procedures in the committee that there were cases—in Australia in particular—where there had been errors and mistakes made in the transmission of information payments or bills whatever it might be that actually did cause concern. Mail servers in a particular jurisdiction of a council received information but it was not passed on to the appropriate person. In that particular case that did go to court. It was deemed that once it had been received by the server in that jurisdiction in that council it was received then. Those things do not go to court unless they really matter and they did matter. We found those sorts of cases where just a single transaction an email an acceptance a payment whatever it could be for anybody out there who uses electronic means to communicate even though it might be a small email to that person it could mean a lot. So we worked through this and we have brought our recommendations back to the House. I am very pleased to stand in support of this bill under the name of Mr Paul Goldsmith. Thank you.