Goldsmith PaulHon PAUL GOLDSMITH (National): Maybe the Minister will have the opportunity to answer the question next time but the Minister referred to stopping these foreigners swooping in and snapping up New Zealand industries. I'd be interested to know from the Minister which countries is he particularly worried about people and entities coming in and swooping up New Zealand businesses and why Part 1 does not include some form of threshold because what I struggle to understand is—you know there may be a case in a crisis such as we have in COVID-19 which has seen the values of some enterprises in New Zealand fall substantially. We could think of Air New Zealand for example being a company in that circumstance. There is a concern internationally about the vulnerability of such enterprises to being picked off by perhaps State-owned enterprises from other countries.But what is not clear to me is how the fate of the country and our workers would be imperilled by somebody from overseas helping invest in a restaurant for example which is on its knees and needs some extra support from the brother-in-law or sister-in-law of a New Zealand owner who happens to be from overseas and now has to be caught up in this regulation. So what I'd like to hear from the Minister is how is that going to imperil New Zealand's future? Secondly from which countries is he worried about this investment coming? Thirdly how does he think jobs and opportunities are going to be created in New Zealand businesses without investment?Is it his assumption that the Government will provide all the money for businesses to get back on their feet and invest? I don't know. Perhaps that's his plan. But if it is I'd be interested if he could show me a country where that works—better than Venezuela for example or another country. Perhaps he has a list of countries where the opportunity for businesses to grow will come from Government putting the extra money in. But if it isn't and if he still believes that private sector investment is critical why is he so concerned about capital coming inward into New Zealand given that that has been the case for the entire history of this country since the signing of the Treaty if not before and where do his concerns lie particularly at that small end?The situation that we face as a country is that we've just heard this morning from the statistics department that we lost 37500 jobs in April. Well that's the figure. I believe—Rt Hon David Carter: Probably higher.Hon PAUL GOLDSMITH: Probably higher in reality. Certainly not everybody that loses their job goes on to a benefit for example—so more than a thousand jobs a day. That is going to be really impacting the lives of many New Zealand families. What it doesn't capture though is the distress and anxiety of the many thousands of small businesses. They haven't lost their job but they may have lost their life savings because their business is on its knees and it may be about to collapse. The best way to get back on their feet in many cases is additional capital to go into those businesses to help them survive.This Government seems to be focusing entirely on more debt being the answer; well equity is equally the answer—getting equity into those businesses. This bill makes that more difficult. So there are a number of questions there but the third one is: why does he want to make it more difficult for those businesses to get the capital they need to survive?