Scott AlastairALASTAIR SCOTT (National—Wairarapa): Thank you Mr Speaker. It is a pleasure to rise in support of the Maritime Transport (Offshore Installations) Amendment Bill. We've heard that it amends the 1994 Act—quite a long time ago so I'm sure this is not the first amendment to that Act but it is good that the Act is continuing to evolve and improve. Of course the initiative that we're talking about today is on the back of a National Government. The work was done in the last Government. It's good to see the current Government continuing with the good work kicked off by Simon Bridges as Minister of Transport at the time. A lot of people have been talking about the Rena and oil spills and I was thinking of the Mikhail Lermontov breaking into the Marlborough Sounds as another example of a shipping disaster that could have been a bigger environmental issue than it was. It's actually turned out to be quite a boon because it's turned into a diving and recreational attraction. People from all around the country and all around the world I imagine go there to dive at this particular site. Not that we'd want to have more of these sites—not that we'd want to have more of these sites. We don't want to have ships crashing into rocks just so that people can dive and explore. In fact while there's a whole lot of issues around the safety and the ability and the competence of the captains at the time of both the Rena and the Mikhail Lermontov this bill—believe it or not having heard all the speeches and discussions so far—is not about ships. It has nothing to do with ships or the liability of ships crashing into a rock. This has to do with oil exploration and the spills of an offshore installation.So ships have a different liability regime but it's interesting that we've been talking for the last little while about the Rena particularly. Now this deals with oil exploration and the exploration and the installations that are involved in that and the liability of those entities is unlimited. Today it is unlimited and after this bill amends the Act they will continue to be in an unlimited liability situation but it does clarify the type of insurance that the agent must carry out and there's going to be some modelling. Minister Twyford mentioned the discussion that he will find interesting and I will too around that type of modelling and the aspects of risk that a type of installation will have. That will depend on for example whether it's on the West Coast of the South Island compared to the calm waters of the Bay of Plenty. Those types of things I'm sure will be discussed and that will change the risk change the premium and change the obligation of the oil exploration oil installation entity. At the end of the day the bill will clarify some of those things so that that the agents or the entities are not paying too much for insurance so that it's very clear to them what they're paying for because as it's been mentioned before we don't want to put investors off we don't want to put explorers off from coming to New Zealand because it is important that we continue to carry out that work. It is a good bill—as I say It's kicked off from the previous Government. It seems to me to be quite a technical bill in the ways that the modelling particularly might result in some good discussions and I am looking forward to those discussions depending particularly if Minister Twyford—I don't know; he might even turn up and discuss it if he's interested. So I look forward to those discussions and I commend the bill to the House.