Woolerton R Doug: KiwiSaver Bill — In Committee 
Woolerton R Doug: KiwiSaver Bill — In Committee 
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R DOUG WOOLERTON (NZ First) 
: 
 New Zealand First supports Part 1 of the KiwiSaver Bill. I must say that it comes as a revelation to hear the National Party leadership contender John Key talk in this Chamber because he talks of a different world. I suspect that he actually inhabits a different world from that of most people. I am sure it is a wonderful world; I am sure it is a great world. Unfortunately the world he lives in constrains his understanding of where ordinary people in New Zealand come from. It constrains his understanding of legislation that is put in place to help those less fortunate than perhaps he is. 
I cannot help but think back to the years of “Kiwi Keith” Muldoon Marshall and all those sorts of people. I think about what they would make of a National Party front bench made up of money dealers and people in the financial world. I do not know what they would make of that. Back in times past the National Party had aspirations certainly but it also was a grassroots organisation that actually understood real people and the real problems and real concerns of working people in New Zealand as well as the elite. We certainly would not have had tripping off the tongue of “Kiwi Keith” Muldoon or many of the other leaders of the National Party light-hearted talk about pool boys and people who come to service pools clean houses do the windows do the lawns and all of that sort of thing. 
 The sort of people KiwiSaver is aimed at do those things themselves and they take their kids to school they struggle mum and dad both work their kids do paper rounds and all of those sorts of things. This bill more than anything else is about trying to instil a savings habit into New Zealanders. This is not about the financially secure. This is not about those who deal in money markets. This is not about those who are literate and more than literate in financial affairs. This is about getting struggling Kiwis some way on the track to saving. 
Mr Key talks lightly about his trips to Singapore—and good luck to him—and how an account did not have this and so forth but in the very next breath he will say that KiwiSaver is not needed because the first thing people should do is pay off their mortgage. 
John Key 
: No. 
R DOUG WOOLERTON 
: Well I am surprised but he has said it before and he will say it again. But this bill does both. Where Mr Key is right is that it does come as somewhat of a surprise even to me that a bill suddenly goes from the select committee without any mortgage diversion component in it and— 
Craig Foss 
: And hello! 
R DOUG WOOLERTON 
: —and hello it appears in the House with a mortgage component in it. I have been around this place a wee while now and I have come to expect little surprises of that nature. If they are good I can force myself to live with them; if they are bad we will certainly speak against them. I think that this is an enhancement that we can certainly live with and we have no hesitation in saying so. 
New Zealand First supports Part 1. As we go through the bill we would like to see other enhancements. We are sure that successive Governments will add to it and change it. The bill allows for that to happen and we think that is a good thing. I will speak to Part 2 when that comes along.