McAnulty Kieran; Bishop ChrisHon KIERAN McANULTY (Labour): Thank you very much Madam Chair. I have a series of questions and I know these work best when it is a question and answer – type format so I'll keep the first one brief. I'm interested to hear the Minister's comments that when they came to office they were presented with Treasury advice—this is consistent with the statement that he made on 18 February on Facebook and that the Prime Minister made in the state of the nation speech. I ask how he can rectify that when considering response to written question 7084 that the advice in question was actually commissioned by the Minister of Finance later in December.Hon CHRIS BISHOP (Minister of Housing): I'm not sure what's inconsistent about that. The Minister of Finance and I are both responsible Ministers for Kāinga Ora. I'd have to go back and check the exact specifics. It was either a joint memo or piece of advice to the two of us or it was a piece of advice to the Minister forwarded to me.Hon KIERAN McANULTY (Labour): Nevertheless neither of those equate to when they came into office they were presented with the advice. I would ask the Minister to respond to an Official Information Act request which answered the question What advice did Treasury receive from other departments on forecasts of the sale of Kāinga Ora homes?" which says that Treasury did not receive formal advice from other departments on the forecast of the sale of Kāinga Ora homes; analysis that determined the 10200 figure presented in the withheld document was conducted in consultation with Kāinga Ora and Ministry of Housing and Urban Development officials using Kāinga Ora's own internal financial forecasting models; and the response that we received during the select committee hearing that confirmed that the model and the projection of 10200 sale of State houses was contingent on a lack of additional funding post-2025?Hon CHRIS BISHOP (Minister of Housing): Some of what the member talks about is commercially sensitive. But what I can tell the member is that well firstly in response to his first point: if his point is that late December is not "upon coming to office" I don't accept that. We took office on 27 November so three or four weeks later is I would argue "upon coming to office".The second point is in relation to—I wasn't quite sure what he was saying in relation to the Treasury report. The Treasury report as the member himself adverted to with his comments is based on Kāinga Ora's own internal information. So they base that on their own internal data so it speaks for itself. Some of what he says is not factually accurate around the future funding requirements. It is a matter of fact and now public record that at the end of last year Kāinga Ora was forecasting a significant surge in State house sales over the forecast period.Hon KIERAN McANULTY (Labour): Is the Minister therefore saying that Ministry of Housing and Urban Development officials that presented to the select committee were incorrect when they said that forecasts—which are made and based upon the information they have available to them at the time; which are therefore based on a lack of funding post-2025—when Treasury was asked to commission advice on the future forecasts of Kāinga Ora based on a lack of funding past 2025—forecast that 10200 homes would need to be sold and that figure was landed to solely on the basis of a lack of funding as confirmed by officials in select committee?Hon CHRIS BISHOP (Minister of Housing): No I'm not saying that. Forecasts by definition are static at that point in time and are dynamic and updated—so I'm not saying that. But I would venture to suggest that the member goes and talks to his colleagues who've been previous Ministers of Housing. They would not have found a situation at any time in the last 6.5 years in which Kāinga Ora was forecasting such a significant upsurge in State house sales."