Cameron MarkMARK CAMERON (ACT): Thank you Madam Speaker. Well Fonterra's an economic juggernaut and thank goodness it is. What a success story for all the reasons that the Green Party didn't identify with. Granted when it was first conceived it had about 92 percent of the liquid milk supply and just to point out to the member on my left Teanau Tuiono that has significantly reduced in terms of overall supplier base. It's now 79 percent so I'm not quite sure how you reconcile it's a glaring threat to the environment. I haven't quite reconciled how you make your sense of that one.However in the explanatory note this Dairy Industry Restructuring (Fonterra Capital Restructuring) Amendment Bill does speak to the 2001 Act in how it is being amended. There are a couple of things that need to be reconciled. It says that New Zealand markets for dairy goods and services are contestable." And the premise of it was quite obviously to make sure that there wasn't a total rort by Fonterra or perhaps you might say a monopoly. And it also spoke to contestability in the market for farmers in the liquid milk supply. And I think we all acknowledge the importance of not having a monopoly. And that's why in its early inception Fonterra by its design in the early dairy industry Act had to supply 10 percent of its liquid milk supply to its chief competitors at cost.It is well understood that Fonterra's a success story and I think we all accept that reality. As previously canvased it captured 90 percent of New Zealand's liquid milk supply earlier on; however we all acknowledge it's a shrinking pool. I was down in Edendale fairly recently and the suppliers of the Edendale dairy factory are acutely aware that they have a shrinking milk supply for all manner of reasons that I won't canvas given in my short contribution this evening I'm running out of time. The current structure spoke to amending trading amongst farmers which was the design in the earlier Act which was created about 10 years ago. In part it was to stave off the very things that we're now concerned about and that was farmers effectually and effectively leaving the industry. We know we've got a shrinking supply and this seeks to arrest that concern by giving farmer owner-operators sharemilkers those that are supplying Fonterra some degree of certainty.However the ACT Party does have some concerns as the previous members on all sides of the House including the Greens have alluded to. Some of the critics of the legislation have suggested this is a capitulation by the Minister in such as it resulted in the appointment and he thus had to appoint an independent chair for the panel of milk pricing and two appointees. Now dependant on which lens you look through that may be the case. Digesting the bill is the real question—what it will ultimately mean for industry certainty. Will the restructuring Act as drafted in this legislation allow it to have a proper clear transparent entry-exit framework for supply to be well maintained? And I think that's tantamount for all farmers and their certainty going forward.A better pathway to join: I think that was canvased by the member Angela Roberts and others in the House previously—I totally agree. It's seldom that ACT and some of the Labour members agree on all things dairy farming; however you're absolutely right. I know myself it's becoming ever-increasingly more difficult for young farmers to get into the industry and this will create the legal framework for it. It used to be one share one kilo; now it's one in four and by virtue it will create an expedited pathway. And just interestingly when you actually think about that that is a massive capital investment upfront that young people historically used to have to have and arguably that removes that constraint.Now I won't pontificate like there's a propensity to do by politicians in this place given it's now five to five on a Thursday afternoon but I and the ACT Party will be supporting this bill to select committee so it can have all the necessary kinks ironed out. Thank you very much."