Coffey TamatiTAMATI COFFEY (Labour—Waiariki): Thank you Madam Speaker. Look this is pretty non-controversial legislation. It is omnibus legislation as both speakers previously have spoken about. Anything that we're able to move through in this House with a bit of expediency to make the lives of New Zealanders better off surely must be encouraged and it's nice actually to know that there's a bit of consistency in opinion from both sides of the Chamber on this one. I'm particularly interested in the Regulatory Systems (Economic Development) Amendment (No 2) Bill. It's mammoth. When we talk about omnibus bills we talk about lots of bills going through. This is 14 Acts actually that this legislation is going to change. Among them are the Companies Act 1993 the Credit Contracts and Consumer Finance Act 2003 the Insolvency Act 2006 and the Trade Marks Act 2002. Of the 14 Acts in the bill 13 of those fall within the commerce and consumer Affairs portfolio. There's also the Continental Shelf Act 1964 which falls within the—Michael Wood: A great bill.TAMATI COFFEY: —a great bill; yes absolutely—energy and resources portfolio. I'm just going to dig down into a couple of these particularly within the Regulatory Systems (Economic Development) Amendment (No 2) Bill—firstly the Companies Act which prohibits a person from directing or managing a company for five years. What it does is the bill seeks to add more types of offence to the list; namely evasions or similar offences under sections 143A and 143B of the Tax Administration Act 1994 for aiding abetting inciting or conspiring with another person to commit an offence as set out in section 148 of that Act.I want to talk about the Regulatory Systems (Housing) Amendment Bill (No 2) as part of my contribution as well. Again anything that helps to reduce the compliance that organisations such as the community housing providers that are spread out all around the country—anything that helps them to reduce their compliance—has got to be supported by Parliament. We have a lot of people working in this space especially in the Bay of Plenty where I come from.I know that we've got in Tauranga the Mangatawa Papamoa Blocks Inc. They are a community housing provider. I've been there; I've seen what they do. But one of their complaints is obviously the amount of compliance that they have to go through to be able to operate. So what this amendment does is it simplifies the role of the Community Housing Regulatory Authority and as I say it reduces the administrative burden. Part 2 of the Retirement Villages Act 2003 clarifies that the higher maximum fine will apply for breaches of the Act where (1) an operator or promoter of a retirement village did not take all of the practical steps to ensure an advertisement was not misleading or deceptive and (2) where an operator of a retirement village contravenes their obligations relating to the code of practice of operating a retirement village. Those offences are very serious and are similar to other offences that receive the higher maximum fine. This is very carefully thought-through legislation—some would say boring others would say incredible in terms of as I said before moving legislation through the House so that we don't have to catch ourselves up listening to these kinds of things in depth. Anything that we can do all at once such as these omnibus bills has to be supported. I commend this legislation to the House.