Kuriger BarbaraBARBARA KURIGER (National—Taranaki-King Country): Thank you Mr Speaker. It's also a pleasure to take a call on the Climate Change Response (Late Payment Penalties and Industrial Allocation) Amendment Bill tonight in the House. The title of the bill is almost longer than the bill and some bills that we've been discussing today took hours and hours and days and days of work. This one was actually rather small in comparison but none the less thorough by the select committee and it was a pleasure to be involved for a large proportion of it. I also would like to thank the Minister for the ability for the Environment Committee to make changes. I always think legislation works at its best where submitters come in and Ministers have an open mind and this is one that worked extremely successfully. As has been explained the bill does allow our businesses to compete internationally on a fair playing field by giving some free allocations to those businesses who need it and the other part of that is the rules relating to the penalties around small forestry participants; those who have less than 25000 units. And at the time that this was developed it was deferred for small forestry participants until 2023 due to concerns that applying it would cause serious financial hardship potentially putting their personal assets such as home or farm at risk. So this is a good continuation and I think it's really important for those small foresters. I won't have a lot more to say in my small speech tonight about that one but I do think the update on the allocated baselines in determining industrial allocation of free emission units has to be updated—obviously now that the reviews are set in place somewhere between five and 10 years. It's been quite a while and as we know technology research and development should be moving us forward at a fast pace and so at that rate business will be able to use science to make changes faster. Therefore to keep the regime relevant we need to be watching it and monitoring it much more often and it is positive to see the Government working in this regard. The others have talked about the submissions—107 submissions and 27 provided oral evidence. I think really the report of the committee acknowledged that the urgent work is still needed to improve the design of the climate change policy in relation to industrial emitters and there is always more work to do. I think really some of the most important changes from the aspect of science and technology are the clarified eligible process for new industrial activities. We should always expect that there will be new industrial activities. As people change their processes in light of decarbonising we shouldn't keep assuming that what we knew 10 or 15 years ago is current to what we know now and what we will know in five years' time. So it's good that this bill allows the use of projected data for new products in existing eligible industrial activities when actual data is not available to set the relevant allocated baselines. It gives an opportunity for those businesses to get started to make sure that they're competing with whatever the new product might be and be able to compete on an apples for apples basis if you like if that's an acceptable terminology for measuring climate change. So I'm not going to speak for much longer on this bill tonight because as I said it's a smallish bill and a lot of the detail has already been relayed by other speakers but just to say that National is very pleased to commend this bill to the House. Thank you.