5. Question No. 5—HousingHon JUDITH COLLINS (National—Papakura) to the Minister of HousingQuestion No. 5—HousingHon JUDITH COLLINS (National—Papakura): Hello. Thank you Mr Speaker. SPEAKER: Hello. Welcome home.Hon JUDITH COLLINS: I know you missed me.5. Hon JUDITH COLLINS (National—Papakura) to the Minister of Housing: What risk descriptions if any have a risk rating of High" in the most recent KiwiBuild strategic risk register and how often is the risk register updated?Hon KRIS FAAFOI (Associate Minister of Housing (Public Housing)) on behalf of the Minister of Housing: On behalf of the Minister as was stated to the member yesterday the risk register is reviewed annually and the last review occurred in February of this year. Following the transfer of KiwiBuild functions to Kāinga Ora there will be regular reviews of risks associated with KiwiBuild which is standard practice for significant Government initiatives. It's important to emphasise again to the member that the document referred to includes potential risks and a plan to mitigate them should they occur not risks that have eventuated and are being actively managed. People manage risks not pieces of paper. We do propose to detail those individual risk descriptors. Those descriptors are resourcing; health safety and wellbeing; stakeholder expectations; communications; quality of investment decisions; procurement; information; realisation of benefits; dependency on third parties; integrated commercial decision-making; sector workforce capability; and building system capability—again all potential but not all actual risks. Hon Judith Collins: Why has the KiwiBuild risk register not been updated since February when Treasury's Gateway review process states that the risk registers should be "regularly reviewed updated and acted upon"?Hon KRIS FAAFOI: As I mentioned to the member before it is an annual review that usually takes place. As I also mentioned—within a week the functions of KiwiBuild will move to Kāinga Ora and as that will become part of Kāinga Ora there will be a new risk register.Hon Judith Collins: So why has she said that the KiwiBuild risk register is an annual document that isn't due to be updated until next February when the State Services Commission has advised the agency should "ensure that risk management does not become a pro-forma compliance exercise in the agency but rather an everyday working tool to make the best possible steering decisions"? Hon KRIS FAAFOI: I'm not sure if the Minister did say that but the document is a living document and has had a regular review on an annual basis.Rt Hon Winston Peters: Is the Minister saying that updating the risk register every day is a silly suggestion?Hon KRIS FAAFOI: Thank you for the question. Potentially but I would note to the member who asked the question and the member that asked the primary question that there seems to be a misunderstanding around what the risk register is so if it's helpful I might use a hypothetical example. If a manager believed he or his actions might be challenged he might use the risk register to assess the potential risk of that. Now the likelihood could be high but the impact could also be high; also the likelihood could be low but the impact high. In this scenario it would be wise to use the register. Now the risk might stay high and have little movement but that does not mean that nothing is being done; it could just be that the risk of the manager—let's call him Simon—of being challenged has not changed. SPEAKER: Order! Order! The Minister knows that the final part of that answer was out of order. He will withdraw and apologise. Hon KRIS FAAFOI: I withdraw and apologise.Hon Paula Bennett: I raise a point of order Mr Speaker. Would we be able to play that whole answer if we didn't edit it? SPEAKER: The answer is that the entire question starting with Ms Collins' primary going right through to the end of her final supplementary can be linked and played.Hon Judith Collins: Thank you Mr Speaker. So why did the Minister say that she wasn't sure that she made the statement I referred to in my previous supplementary when she said yesterday to the House in answer to a similar question "Because the risk register has not been reviewed. It is an annual document that is due to be reviewed again by February 2020."Hon KRIS FAAFOI: Because the Minister is right.Hon Judith Collins: Which Minister is right: the one who said yesterday that it is an annual document not due to be reviewed until February 2020 or the Minister who today said that it is a living document? Hon KRIS FAAFOI: We're both right.Hon Judith Collins: If these are hypothetical risks as opposed to actual risks then why has KiwiBuild committed to 52 further improvements as listed in its risk register?Hon KRIS FAAFOI: Because as I said to the member in her primary question it is a mixture of potential and potentially actual risks.Hon Judith Collins: What is the difference between an actual or a potential risk?Hon KRIS FAAFOI: Well if something actually happens it happens. If something potentially doesn't happen it might not happen.Rt Hon Winston Peters: What would the risk assessment be if a KiwiBuild house was built over the pipeline at Marsden Point?Hon KRIS FAAFOI: I don't believe that's on the register."