Henare PeeniPEENI HENARE (Labour—Tāmaki Makaurau): Tēnā koe Mr Assistant Speaker. I rise to take a call on the Taxation (Annual Rates for 2017-18 Employment and Investment Income and Remedial Matters) Bill. I want to just briefly echo the sentiments of colleagues across the House about a tax system that is robust and that is fit for purpose. While it is very prescriptive it is also agile to the ever-growing needs of Aotearoa New Zealand.Many of the members across the House have focused on different matters in this particular bill. I want to focus in particular on the fact that the bill proposes that payers of interest dividends and taxable Māori authority distributions will be required to provide detailed recipient information to the IRD on a monthly basis. The bill proposes a new model for the collection of information on the part of the IRD. I wonder also about the introduction of the big changes to Te Ture Whenua Māori Bill which might seem quite separate to this but all of those Māori authorities and Māori entities operate under that particular legislation.When it comes time for Māori authorities to pay dividends to make distributions to their beneficiaries it is always quite a difficult time for Māori entities. I for one have been an administrator of Māori entities. Besides the practical challenges in connecting with beneficiaries just the mere fact of paying out a distribution is very hard. What we know and what I have experienced is that for every dollar that you pay it costs almost another dollar if not slightly more in compliance—not just for tax but also for administration purposes. I wonder when I look at this particular bill—one of the parts of it is asking for more frequent more comprehensive information from Māori entities to inland revenue on a monthly basis. It also provides a provision that says it is optional for those Māori entities on 1 April 2019 but it will be compulsory the following year in 2020.With the big changes coming with Te Ture Whenua Māori Bill which is currently in front of the House a lot of the challenges around compliance will be around the fact that Māori entities will need to have a better engagement with their beneficiaries. While that might sound like an easy thing to do I can tell you as a land administrator for Māori trusts that it is actually very hard.I wonder when we talk about a robust tax system—we should always be careful about heaping so much compliance on entities such as Māori land trusts and others because first of all their resources are limited and secondly their capacity is limited. When we consider the task that is being asked of them through this particular bill of providing monthly regular information for IRD records—I understand the purpose of it but I would be interested to hear as this bill progresses input from the likes of the Federation of Māori Authorities and the likes of some of the large Māori land trusts that actually do pay dividends to beneficiaries.Here is an example of just how difficult it is. If you go on to the Ngāti Hine forestry website and you look through the list of beneficiaries if you search for a gentleman by the name of Peeni Henare it will come up with—Simon O'Connor: Who's that guy?PEENI HENARE: Oh some quite famous fella from up north. You will find that Peeni Henare" will come up and he will be a large beneficiary. Then you will have a look at that gentleman's birth date and you will find that he was born in the early 1900s. So those records are actually very very old.Simon O'Connor: You're looking really well.PEENI HENARE: Yes. You know I did think about a vampire stint. But look the point is this: it is easier said than done—updating that type of information. My namesake died in 1979 months before I was born which is why I am named after him yet his shares are still there. I wonder how that information might come across the desk at the IRD.Just in conclusion because I am mindful of the time there are a whole bunch of technical changes here. We like the Green Party will be looking at the employment share schemes a lot closer. We are looking forward to hearing some of the submissions on those. Once again I would encourage the Federation of Māori Authorities and other Māori land trusts to make sure that they make a submission on this bill. But otherwise we support this particular bill and look forward to it going to the select committee."