Bishop ChrisCHRIS BISHOP (National): Thank you and I do genuinely want to thank the Minister for that explanation. It was genuinely really useful. To be honest if that had been made clearer in the bill and the departmental disclosure statement I think we all would have had an easier time understanding it. Frankly I mean I suppose the first issue is: why are we doing this under urgency through all stages tonight? This is precisely the sort of small but technical and complicated bill that deals with rights and obligations of commercial companies and the Crown fiscal position that should go to a committee—just send it there for a month. I don't understand why we're having to do it at the tail end of Budget urgency when no one's paying attention. But be that as it may—we are where we are—the follow-on question is why now because well I don't disagree with anything the Minister has said about the Crown getting a fair rate of return. These are non-renewable resources we have nationalised minerals in this country and it's right and proper that the Crown gets a fair return for that. No one has any objection to that and no one has any objection to the energy resources regime to make up for deficiencies from the post-1937 nationalisation and the various royalties issued under then—I mean the entire House was not alive back then. So we are where we are but why now—I mean we're at 2023. The Energy Resources Levy Act has been in place now for 47 years. Presumably this problem has been around for a while but there must be a kind of impulse for the Government to do this. I mean it can't be the case—and maybe I'm wrong; I'll wait for the Minister's response—that the Minister just woke up one morning and said That little problem that I've had kicking around for years and years and that successive energy Ministers have probably been advised about." I've got a former energy Minister here in the House in the Hon Gerry Brownlee and—Hon Judith Collins: And me.CHRIS BISHOP: I'm sorry—sorry. The Hon Judith Collins is sitting behind me and I did not realise. The Hon Judith Collins was one as well.Hon Judith Collins: I'm looking after your back.CHRIS BISHOP: She's looking after my back—yeah that's right. There are many jokes I could make but I won't I say to the Hon Judith Collins. So no doubt the two other energy Ministers in the House received similar advice that it would be a pretty good thing to clear this up at some point and to clarify this. There's clearly evidence of a bit of a discrepancy or in the Minister's words a disparate regime—fair enough. But why now—I mean why in May 2023 a few months out from the election on the back of Budget urgency; why now?This is the suspicion that I think a few of us have had which is that there's been a discovery or there's potentially a discovery where the Crown may be missing out on revenue and the Minister's given us the best available estimate I think her words were—I wrote it down. The best estimate from officials is $50 million overall. So look is that $50 million the Crown would prefer to have? Absolutely—times are tight for the Crown as well and I'm sure everyone in the House would love the Crown to have that. But why now? Has there been a development in the industry that requires us to do this firstly now and secondly essentially immediately? I mean this will be law by probably midnight or at least tomorrow morning when the Governor-General signs the bill into law."