Bayly AndrewANDREW BAYLY (National—Hunua): It is a pleasure to be talking on the third reading of this debate around the Budget. I think is a great Budget. It is an exceptional Budget. In fact I think is a generous Budget. In fact if you look at the future cash flow of the Government over the next few years we have basically spent as much as we can. I think it needs to be looked at in the context of the other announcements that have surrounded this Budget. We have announced an $11 billion additional spend into infrastructure. That is going to go into roads schools—all those other good things. The other massive investment in health—The CHAIRPERSON (Hon Trevor Mallard): No the member is not even really trying to speak—[Interruption]—to the bill. He will.ANDREW BAYLY: OK. Well the big centrepiece of today is the generous family tax package. I have listened to the Opposition today including the members from the Labour Party and I do not think they actually know how to respond to this package of tax reform that we have set about doing here. In fact I just wonder where the intellectual rigour has gone because I have not heard a comprehensive argument. All I have heard is highfalutin things about This is not enough". Well we have spent all we can and it is a comprehensive package. I do acknowledge New Zealand First and I do acknowledge the Greens for at least supporting this Budget—as they should.I just want to talk about some of the aspects of the bill particularly the tax thresholds. I think it is really interesting where we have moved to with our tax thresholds. We all know that the tax system in New Zealand is very simplified and very effective. What we have done has been to increase the minimum tax threshold from $14000 to $22000 and at that rate you are paying only 10.5 percent. We have also increased the next threshold from $48000 to $52000 which again is reducing the tax burden for everyone in New Zealand—everyone in New Zealand.It was interesting—I had a look at the Australian tax system and did just a little bit of a comparison. We have a tax system for the first $22000 to pay 10.5 percent. In Australia it is a bit different—you do not—but you quickly go to 19 percent in Australia up to $37000. This compares with our 17.5 percent up to $52000. That means that you can earn $20000 more in New Zealand and still pay a much lower rate of tax but then from there on up it shoots up—32 percent 37 percent and 45 percent. That is just putting aside all the other taxes you have in Australia. So I think in the context of Australasia our tax system and the family tax package is actually a very good very simple and very light tax system. I fully endorse that.The other one of course is the family tax credit. I think many speakers have traversed this before but we have increased it to the maximum that you currently get. There is a range of the type of tax rebate you get at the moment but we have increased it to the maximum. So for the eldest child it has increased by $9.25 a child and for your next child it is between $17.75 and $26.81. That is massive. That is really quite significant and to downplay that I think is just wrong.The accommodation supplement as we have heard before—for a one-person house if you need an accommodation supplement you get $20 extra a week.The ASSISTANT SPEAKER (Hon Trevor Mallard): Refer me to a clause if you are going to talk about it.ANDREW BAYLY: Right just by background and just to remind people $80 per week if you have got a three-person household. Now I have heard a lot of debate about this and I think it is quite current to this particular point because a number of speakers have spoken about this—about the supplementary income for housing. I have heard this argument that—The ASSISTANT SPEAKER (Hon Trevor Mallard): I am going to stop the member now. I think I have made people on both sides grumpy because what I have said is a long-term ruling and that is that the debate on the third reading is a debate on the bill as it emerges from the select committee. I think members have been mixing up what is in the Budget and is the subject of the appropriation debate which started earlier today parliamentary time—yesterday in normal people's time—and will resume next Tuesday. The member will speak to this bill.ANDREW BAYLY: OK I just want to finish off my comments by saying the effects of all the proposals in this bill will improve the lot of 1.36 million families in New Zealand will improve the lot of 41000 students and will improve the lot of 750000 superannuitants. I believe that is a fantastic package and I fully endorse this bill."