Dunne Peter: Taxation (GST and Remedial Matters) Bill — In Committee Speaker Recalled In Committee Procedure Third Reading 
Dunne Peter: Taxation (GST and Remedial Matters) Bill — In Committee Speaker Recalled In Committee Procedure Third Reading 
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Hon PETER DUNNE (Minister of Revenue) 
: 
 I know it is tempting at this stage of the year particularly when one has a raspy voice to try to raise a whole lot of indignation about nothing but that is not acceptable. 
Hon David Cunliffe 
: No it is genuine. 
Hon PETER DUNNE 
: Well let me go through— 
Hon David Cunliffe 
: I raise a point of order Mr Chairperson. I take offence at the Minister’s remarks because by implying that I have manufactured a sense of indignation he is effectively questioning my integrity. 
The CHAIRPERSON (Lindsay Tisch) 
: Yes and I am sure we all appreciate that. But that is not necessarily a point of order. I ask the Minister to continue. 
Hon PETER DUNNE 
: I will put the facts before the Committee. The Committee and the public can judge what is actually going on here. This situation was foreshadowed in the Budget in May when we announced a series of— 
Hon David Cunliffe 
: This Supplementary Order Paper wasn’t foreshadowed until yesterday—yesterday. 
Hon PETER DUNNE 
: If the member gives me time I will come to his points systematically. We announced in May that there would be an issues paper released on the issue of qualifying companies and the future of the loss attributing qualifying company regime. That was done. It was widely consulted upon. We announced in October and released in draft legislation at that time the decisions that we made in respect of that consultation process. We released it publicly so that there could be comment and there was and then we offered the Opposition a briefing—which it originally wanted to have next week! We approached the Opposition earlier this week or late last week to say given that this legislation was coming into the House that we thought it needed to bring forward its time to be briefed. The Supplementary Order Paper was actually released on Tuesday; it was not released last night. It was released before Labour was briefed on Tuesday afternoon. To come in here now and say that it was released late last night is simply not true. Officials had briefed that member and his colleagues on Tuesday at my request because they originally wanted to be briefed next week when this bill would have been passed. 
Hon David Cunliffe 
: I raise a point of order Mr Speaker. I fear it necessary to correct for the record a misinterpretation. 
The CHAIRPERSON (Lindsay Tisch) 
: No. That is a debating point. 
Hon PETER DUNNE 
: The member is alleging that Labour members were not briefed on the Supplementary Order Paper. I know from the report I received from my officials that there was a substantial discussion at that meeting about the loss attributing qualifying company regime. So the reality is and I stand by my original comment that there is a huge amount of indignation here being raised over very little. We have a large number of interests in the accounting and legal worlds and in the tax world generally that need these matters resolved now so that the new regime can take place on 1 April next year.  
We have been punctilious in our consultation. We foreshadowed it in the Budget. We released the draft legislation over a month ago and I have just this to say to the Opposition: with all of the mock indignation now being expressed I ask whether in the time since the issues paper and the draft legislation were released we have heard any comment from the members opposite. Absolutely not! They come in here at the last minute and start to raise all sorts of concerns when they have had the opportunity to be briefed and when everything has been in the public arena. Their attitude is a complete and utter sham.