Korako NukNUK KORAKO (National): Kia ora e Te Tiamana. Just carrying on from Meka Whaitiri when she was talking around the submissions process and a lot of the feedback that was received. There were questions that actually related to this Part 5 around governance bodies and there were all the questions coming out around why a rangatōpū model is needed. There were other parts of it about what to do if the incorporation is actually happy with the status quo particularly with their current governance structure. The other part was what involvement the Māori Land Service will have in the establishment of these new bodies. I just thought that for the benefit of those who were not there for the submissions—the submitters were listened to. I think that this is very clear in the way that Part 5 of this bill has actually been crafted to address the concerns from a number of the submitters. For instance it was really clear for some time that the owners had been looking for a more flexible additional option for setting up a governance arrangement. What a number of them said was that under the present bill it was very very restrictive in some ways. That was where the genesis in some ways of the rangatōpū model was introduced. This rangatōpū model responds to the call and provides I believe a better alternative to an ahu whenua trust established by the Māori Land Court. The rangatōpū model will enable Māori land owners to design their own rules—so that is even tino rangatiratanga—for governing their whenua using a consistent and really clear legal framework.What it does too is that owners will be able to form an entity under other legislation like companies for example to be their rangatōpū or they can form their own private trust. So there are extra options that this new bill actually provides. Under the current Act trustees are exposed to personal liability and this was something that was highlighted quite a lot around the present Act and exposure to personal liability if the assets of the trust are not enough to meet the trust's commitments. That was one of the major ones. So this bill provides an option similar to charitable trusts' registration to avoid this by registering a new rangatōpū as an actual body corporate.Looking at this I believe that the rangatōpū model supports owner autonomy and this is one of the reasons it was crafted this way. By providing choice and freedom—it was more around giving landowners more options to be able to govern their whenua. The other part of it is that it also allows the governance arrangements to be structured in a way that will gain more confidence from the financial and the banking sectors and this was another thing. It is actually a better model because it is quite transparent and there are different options to it so if you were looking for finance and all that then it would actually be a lot better under rangatōpū in this new legislation.I think that the other parts of it—because talking about commercial models and things like that there was a question also about tax implications. I remember at Tuahiwi there were major questions around whether the bill ensures that all governance models including new and existing ones would continue to qualify for the Māori tax authority regime. So this is also being included. There was a thing where if I have a Māori incorporation but I remove it to a rangatōpū what would the costs around the tax implications be. So that has been addressed in this bill. Kia ora.