Uffindell SamSAM UFFINDELL (National—Tauranga): Thank you Mr Speaker. Firstly I'd like to congratulate my colleague over the way—Camilla Belich—for going through all 17 words in the title. I thought about doing the same but—Hon Members: Do it.SAM UFFINDELL: Well they're saying go—no I don't know. It's probably a bit of a mouthful and I have a tendency to get tongue-tied and twisted this late at night. But I will dive into the more substantive points around a revised penalty regime which came into place on 1 January 2021 which strengthened the penalty applied for people who failed to surrender or repay units to the Crown. It increased to three times what the carbon price was.I was very happy to see through this—and I see it has unanimous support across the House—that this penalty has been deferred until the beginning of next year and rightly so as well because as has been reasonably well-trampled-over over the course of this bill's discussion there are a number of small holders who will get punished and the price of failing to surrender or repay units is fairly significant. I would probably wonder aloud if you may indulge me whether this was the intended penalty to be applied when first established. The carbon price was notably lower. Simon Court walks off. I was going to talk about your member's bill—no no go on! But it has risen significantly and we note for someone with 25000 units around 30 to 35 hectares as my colleague Andrew Bayly intelligently advised us earlier tonight the cost of that is significant. What are we sitting at at the moment? Around $88 per tonne. So for someone with 25000 units that they have failed to replant that is around $2.2 million. If you apply the three to one penalty that balloons quite significantly to $6.6 million. That's a lot and that can be quite punishing.It was also noted how we had quite a few Māori land owners and organisations raise concerns around this given the nature of Māori organisations and how they're set up and how it could produce a situation which was not equitable. I think that is a good thing to raise and I think it's a good thing that this has been pushed out a little bit longer so that people can develop awareness. I do acknowledge that there are probably quite a few participants in the industry who don't have awareness of this and I hope they don't get to see their neighbours run into this sort of trouble but I'm sure there will be one or two bad stories that do filter back down through the grapevine.I did note that Simon Court talked about the ability to offset offshore and before he had even said it I had written down a note here. I actually wrote it earlier in the afternoon because I wanted to raise it as a point because to me it strikes me as something that is quite a sensible option. The reality is that climate change is a global problem and it requires a global solution and if we are going to achieve it it is going to be expensive but the best way to do it is in the most cost-effective manner. If we can spend let's say $50 a tonne mitigating climate change overseas then why not do that? Why would we spend $500 a tonne in New Zealand? That makes no sense. We get the same result.Hon Julie Anne Genter: We actually have to get to zero everywhere.SAM UFFINDELL: We get the same result. It's a global problem. So let's be smart and spend money as best we can.Simeon Brown: It's just the greenwashers—that's all.SAM UFFINDELL: There is a bit of that Mr Brown. There are other ways that we can decrease the impact of climate change. We note that this Government probably doesn't have a great track record on that. We did have quite a lot of Indonesian coal coming in over the last year—about 2 million tonnes. My best friend is from Huntly—Tim if you're watching this I know you'll be very happy to know that the Huntly burners are burning loud and proud and putting their smog over the Waikato. Unfortunately it's not from the local mine in Huntly but it's keeping the lights on. But there are better ways and we need to be more efficient. Thank you Mr Speaker. I commend this to the House.