Dean Jacqui; Rurawhe AdrianHon JACQUI DEAN (National—Waitaki): The member who just spoke Chlöe Swarbrick made an observation around this bill which I think was certainly worth making and it is something that as legislators we might not be that aware of and that is that the assets of whatever local authority it is that have gone through the special purpose vehicle process ultimately return to that community. It is a good point that has been raised by Chlöe Swarbrick—[Hon Jacqui Dean's phone rings] excuse me I'll just deal with that make it go away—but also it comes with another aspect that I think—I did not sit on the Transport and Infrastructure Committee. A number of us are seeing this bill for perhaps the first time and it occurs to me that while it is cause for celebration indeed that the community asset is returned to the control of the local authority upon completion; however what that comes with is the attendant liabilities that will have to go on to the local authority's balance sheet ultimately.So if we think about the example of local roads local water infrastructure storm water waste water etc. if that has been part of the infrastructure mix in that special purpose vehicle project then those assets will then once they are returned to the control of the local authority following construction have to be folded into that local authority's asset management plans 10-year planning documents and so on and so forth. So to think of this as a special purpose vehicle which has a happy ending upon completion and returned to the local authority that is certainly not the case because there will be for all time consequential roles of local government in terms of maintenance and further funding for depreciation all of those matters that must be managed by local authorities with the attendant cost to the ratepayer.The question I have because I didn't sit on the select committee—unfortunately because I would have enjoyed it very much because this is this is a good concept and a good bill. But I guess the question I would like to have explored is the liability the ongoing liability—who will pick that up? Will the local authority then have to review its rating policy and determine whether or not the cost associated with that asset road infrastructure be ring-fenced as it is during the course of the finance raising and the construction of that asset? I think that is a question that all highly geared local authorities may well have submitted on but it should certainly be a consideration for local authorities.Having said that I mean this was a piece of work which was begun in 2017 I understand or earlier by the previous National Government. It is a successful model. We support it. I mean my colleague Scott Simpson sitting beside me is forever extolling the virtues of the beautiful Coromandel but if I think about the even more beautiful town of say Wānaka or Cromwell some of those fast-growing local authorities in the South Island then this special purpose vehicle for the provision of much-needed housing infrastructure I think holds a lot of promise to the local authorities—Queenstown Lakes District Council Central Otago District Council and on and on it goes—because those councils struggle with getting the community mandate to raise funding often to put in that necessary infrastructure to support housing.Yet housing is the one thing that those growing communities need and good-quality housing for all those people that come to say Cromwell and Wānaka if I am to remain talking about my own electorate and local authority areas. If we are to provide good housing across the range then there needs always to be the provision of good infrastructure. It just seems to me that if we are talking about subdivision expansion expansion of waste-water services and water services as those councils are funding and if this vehicle is going to support that work to enable more good-quality cost-effective housing to take place then we give this bill our endorsement. Thank you.ASSISTANT SPEAKER (Adrian Rurawhe): I call Jamie Strange—five minutes.