Horan Brendan: Taxation (Livestock Valuation Assets Expenditure and Remedial Matters) Bill — In CommitteeText is incorporated into the Bound VolumeHoran Brendan: Taxation (Livestock Valuation Assets Expenditure and Remedial Matters) Bill — In Committee[Sitting date: 02 July 2013. Volume:691;Page:11752. Text is incorporated into the Bound Volume.]BRENDAN HORAN (Independent):I greatly appreciate the opportunity to participate in the democratic process. Being an Independent member of this Parliament I note an anomaly in that seven MPs of the Parliament do not get the opportunity to fully participate in democracy in that we are denied the opportunity to speak in the first second and third readings of a bill. I look forward to these opportunities these rare opportunities that I get to participate in the Committee stage and I thank you very much for this opportunity to rise to take a call on Part 1 of the Taxation (Livestock Valuation Assets Expenditure and Remedial Matters) Bill.I would say that much courtesy matters. A little bit of courtesy at the beginning of the week would therefore see a lot of courtesy at the end of the week. I started off this week flying in from that beautiful place called Tauranga where there is plenty of livestock. I arrived in Wellington and drove straight away to Foxton. As I was doing that I was having my caucus meeting. I was able to get to Foxton and sort out some problems that some of the local people there had with a couple of dairies. I came backbut whilst I was doing all of this I had no idea that the Parliament would be going into urgency. I had no idea of some of the bills that were being rushed through and placed in front of the Parliament. The Hon Gerry Brownlee did not feel it necessary to inform me at all. I would stress that courtesy at the beginning of the week means a lot at the end of the week. To that end I would say that it is very important that at the Committee of the whole House stage we do thoroughly examine the legislation that is before us. I look forward to hearing after the dinner break contributions from members like David Bennett.Taxation bills appear regularly from the policy advice division of the Inland Revenue Department as regularly as the passing seasons. They are some of the most complex that we consider and they are thoroughly deserving of debate.The CHAIRPERSON (H V Ross Robertson): Order! Could I ask the member to talk to Part 1 of the bill because the member has had half of his time. Otherwise there will be an issue of relevancy.BRENDAN HORAN: Thank you very much. I am going to miss you. Part 1 of the bill in clauses 3 to 61 comprises amendments to the Income Tax Act 2007. I would like to address several aspects of some of the provisions in these clauses. We are told for instance that in the category of remedial adjustments there are provisions affecting us—that is affecting all members of Parliament—and that is why I brought up the issue of members of Parliament earlier. One provision is “Correcting an unintended minor change to the tax treatment of allowances for members of Parliament.” Another provision at clause 12 and elsewhere is to “correct an anomaly arising from changes to fringe benefit tax provisions to ensure that the tax applied only to the private element of any payment or service provided to members of Parliament under the Civil List Act 1979. This would accord with the original policy intent.” I am sure that is a relief. We are all heartened to know that the original policy intent will apply. I can see the Hon Tau Henare is breathing a sigh of relief.I am equally sure equally certain that this will be the talk in the cowsheds throughout the Waikato where the honourable member David Bennett resides and also in Southland and in every dairying region throughout New Zealand. The talk in the cosmopolitan clubs and the RSAs throughout town and country will be of nothing else but the original policy intent that will apply to members of Parliament.Equally I am sure that the press gallery will be riveted by this news. Patrick Gower and Corin Dann will no doubt be ready in their reports for the first stories in their 6 p.m. bulletins and then later on with all the other content they will be able to fill up their late news bulletins from all the contributions after dinner. They will no doubt be including the changes also included in this part changing the rules for livestock valuation. That will be important to the men and women in the cowsheds. I would note that rules for livestock valuation were introduced just 12 months ago in that riveting Budget 2012. If you think this speech is boring check out that Budget. So this Government—