Bayly Andrew; Rurawhe AdrianANDREW BAYLY (National—Hunua): Thank you Mr Chair. It's a pleasure to be talking on this debate. I just think it's very very disappointing that the Labour - New Zealand First - Greens coalition Government—call it what you may; the members over that side—have not taken the opportunity to talk to this good robust debate tonight about the Overseas Investment Amendment Bill. I just think it's really disappointing. Those people watching from home I think will look at this and wonder why as I do. All they want to do is close down this debate. I think that is wrong because this is one of the most significant pieces of legislation that's going to pass this House this year. Of course it is going to have a detrimental effect not only on those house owners and landowners those vineyard operators that we've heard about forestry owners but on New Zealand in general. We're already seeing the impacts of that. It is one of the reasons why we're seeing a decline in economic growth.Just returning back to clauses 1 2 and 3 which I know Mr Chair that you're eagerly focused on the thing about this bill is—normally it's very simple about a commencement date. Normally the wording is very simple; simply along the lines that it will come into force immediately upon being signed by Royal assent by the Governor-General in effect. That of course is how legislation mostly comes into effect. But if you look at clause 2 of this bill everything about it is complicated. Clause 2 is symptomatic of it. I just find it fascinating. Clause 2(1) states this Act comes into force on the date appointed by the Governor-General by Order in Council and 1 or more orders may be made bringing different provisions into force on different dates and appointing different dates for different purposes." Ha Ha! I really struggle with that. Hey but that's only one. That's clause 2(1). Let me move on rapidly to clause 2(2). I know Mr O'Connor there is eagerly waiting to hear.Simon O'Connor: That's right. Be still my beating heart!ANDREW BAYLY: Ha ha! It states "To the extent that it is not earlier brought into force this Act comes into force immediately after the expiry of the 2-month period that starts on the date of Royal assent." Well I'm boggling because how do you interpose subsections (1) and (2)? I'm certain listeners at home will be wondering how that works. But that is not all. This bill gives more to the debate: clause 2(3) "In this section provision includes any item or any part of an item in any of the schedules."Simeon Brown: Are you part of an item?ANDREW BAYLY: My wife believes I'm part of an item.Mr Chair I've got to put to you that that is one of the most complicated commencement clauses I've seen in a bill for so long. I can't understand it. In fact I really don't understand it. And when you overlay that with a fourth dimension which is the issue around regulations—those wonderful things that Mr Parker and I shared an experience on in the Regulations Review Committee; those "Henry VIII" clauses; those disallowable instruments; the regulation powers for the Minister to be able to in effect have wide-ranging powers to make changes and bring them in on dates that he or she so determined—I think that this bill and this commencement are symptomatic as I said before of a very complicated bill.I think if I was to look at Mr Parker directly all of those years we spent on the Regulations Review Committee talking about limiting the regulation powers of the Minister to make sure they were carefully defined and confined—I do not believe that this bill actually provides for that. In fact it gives wide auspices to the Minister whether he or she in the future has the opportunity to do this.But even if you go right to the back of this very last page what do you see? Schedule 5 clauses 2 and 3—all about regulation powers and how they've been amended in the Overseas Investment Regulations. I think this part of this bill is the bit that worries me the most because I think we should have worked this out before we rapidly and hurriedly pass this bill through this House.Hamish Walker: Madam Speaker.Hon Ruth Dyson: Mr.Hamish Walker: Mr Speaker.CHAIRPERSON (Adrian Rurawhe): I call Hamish Walker.Hon Members: Mr Chair."