Coddington Deborah: New Zealand Superannuation and retirement income Amendment Bill — Third Reading 
Coddington Deborah: New Zealand Superannuation and retirement income Amendment Bill — Third Reading 
[Volume:625;Page:20088] 
DEBORAH CODDINGTON (ACT) 
: 
 In addressing the third reading on behalf of the ACT party I say that we too support this non-controversial legislation. I reiterate my comments in the debate on the second reading stage in relation to members from other parties who stood up and said that superannuation should be a non-controversial issue. Vis-à-vis New Zealand First and United Future I would like to record in the House my hope that because it is election year they will stick to what they said in terms of superannuation being non-controversial and abandon any plans they have or have already voiced that would exploit retired people and make promises to them that clearly cannot be kept. [ 
Interruption 
] Well that is what United Future does all the time. Its members cannot wait for their turn so they make cross bench interjections. It is absolutely impossible to continue with this speech— 
The ASSISTANT SPEAKER (H V Ross Robertson) 
: I refer the member on the cross bench to Speaker’s ruling 57/5. There are to be no interjections across the cross benches because of the effect they have on the microphone. 
DEBORAH CODDINGTON 
: It just illustrates my point graphically. Other parties say that the issue of retirement income will not be controversial but they cannot resist turning it into a political football because it is election year and because they are trying to outbid other parties in terms of what they can contribute. 
United Future claims that it was Dr Bernie Ogilvy who wrote this superannuation policy with its cradle-to-grave individual accounts and compulsory savings features. Well the cradle-to-grave idea goes back further than Sir Roger Douglas but if the United Future members look at individual accounts— 
Larry Baldock 
: I raise a point of order Mr Speaker. I accept the ruling you have just given—that we should not interject across the benches—but when the speaker continually makes references to us in her speech instead of sticking to the bill it is necessary for me to correct her errors. I think— 
The ASSISTANT SPEAKER (H V Ross Robertson) 
: That is not a point of order. The reality is that Speaker’s ruling 57/5 is quite clear and I suggest that the member look at it. If he is not happy with that he can perhaps take another seat in the Chamber somewhere where he is not directly affecting the microphone. 
DEBORAH CODDINGTON 
: I recommend that that member read  
Unfinished Business 
 by Sir Roger Douglas which I think was published in about 1994 and in which he first wrote about individual savings accounts to be opened when children were born. It is a very complicated system has a lot of merit but needs a lot of careful thought. 
I reiterate that the ACT party supports this legislation. We are pleased a provision has been kept for reviews to be undertaken every 3 years which will allow us to keep up to date with what is going on with regard to retirement savings. There is a lot of debate about whether New Zealanders do actually save for their retirement and whether they should put their savings into their homes. There are a lot of myths about and if we did away with those reviews we would severely jeopardise the chance to have informed debate on the issues. ACT supports this legislation. 
Bill read a third time.