Eagle PaulPAUL EAGLE (Labour—Rongotai): Thank you Madam Assistant Speaker. I'm really happy to be here because I had to fight my way to get here. When I met with the chief whip last night I wasn't on the speaking list. I said How can Parliament's most friendly MP not be talking about any bill that starts with the word 'Friendly'?" It was a long meeting long into the night. She said "Oh I don't really know. I wasn't happy with you last week. We'll have to see. Do 10 press-ups."—that was hard. But here I am through the door. I had to get past the Hon Alfred Ngaro eating fish and chips for lunch but I'm here. And as I said last time I'm not part of this—what is it?—Finance and Expenditure Committee. I'm not a member of that no no no. If there was a "Friendly Committee" then I would probably be one of a few members on there and—Angie Warren-Clark: Hey! I'd be there.PAUL EAGLE: —a couple of colleagues. But here I am today.We've been dancing around thanking Mr Smith but look as I said last time this is his lifelong journey. He got here in September 2014 and said "I'm going to sort this out."Hon Member: He can retire now.PAUL EAGLE: Yeah. If he doesn't run in a few years' time his life's work is done. When I looked back at some of the notes I thought "He was so conscientious back then." He actually said that under the existing Friendly Societies and Credit Unions Act of 1982 credit unions faced too much regulatory oversight and they were limited in what they could do. That's what a good electorate MP does. He also said that credit unions were unable to incorporate they must have internal trustees to hold property and conduct business and this was not in line with other financial institutions.This is no ordinary bill and I am really happy to say that despite a little distraction—we did have an attempted derailment and that's relevant—from an Auckland MP by the name of David Seymour who introduced a really unfriendly Supplementary Order Paper (SOP). He tried to undermine it. It was a distraction as the member for Mt Roskill here said. But luckily Dr Duncan Webb came out and said "I've got a quote." That really said it all. There is nothing like a bit of evidence even though it was from his own former legal company but never mind. We have the evidence.Anahila Kanongata'a-Suisuiki: He's friendly now.PAUL EAGLE: Friendly evidence that said actually this is the proof that we need to say "No no no." to what he was proposing. The great thing here—and there are a couple of happy moments. One is this clarifies the legal status of credit unions and friendly societies to that of an incorporated society. The submissions reflected that. We've heard in the House today how times have changed we need to modernise and that is all part of why that needs to be done.The previous speaker Nicola Willis spoke about the New Zealand Firefighters Credit Union and I mentioned last time I was in the House a visit that I took there. She was absolutely right you know—that's a fine institution and entity that has that mutuality that has a membership based on people who know what each other does a common work system and a mechanism to ensure that their savings and hard work are put into a financial institution or entity that is safe. That's underpinned in this legislation. That's the cornerstone of what's being proposed here. So there's no change there and I think that one of the things that most upset me last time was not only this unfriendly SOP but the intent that that would do to derail that.This is a glorious afternoon for the member for Kaikōura. This defines his time here his role.Hon Member: He's only just beginning.PAUL EAGLE: I think this is his work done. They often say that sometimes if you can get one of these through well done. So if this is all the member does then he's contributed to a better Aotearoa New Zealand. I commend this bill."