Nash StuartHon STUART NASH (Minister of Revenue): Thank you very much Madam Chair. Look there's a couple of questions that came up. I'm happy to answer them but I'm only really keen to answer each of the issues only once. I don't want to waste the Committee's time and I hope the members on the other side won't as well.First of all Mr McKelvie I think that of any member in this House you're probably going to be OK when you retire. You know I don't want to cast aspersions but you're going to be OK.First and foremost let's acknowledge that KiwiSaver was set up as a retirement scheme for New Zealanders. There is no doubt about it and that's how the vast majority of New Zealanders do use their KiwiSaver. Let's also acknowledge though that there are a couple of situations under which New Zealanders are able to access their KiwiSaver funds before the age of 65. One of those is extreme hardship and they've got to be able to prove that before they can withdraw their KiwiSaver funds and the burden of proof is quite significant and I think it's quite robust.Because of Tim Fairhall's case this has come before Parliament and we have agreed with this case. Again I think that the system for approving someone to withdraw their KiwiSaver funds because they can prove they're not going to reach the age of 65 is very robust as well. The proposed legislation would create a list of life-shortening conditions and then it would be up to the KiwiSaver member to provide medical proof that they have those conditions.I take Mr McKelvie's point that it may well be that someone does present with a life-shortening condition and then they get better. I'm also well aware of Mr McKelvie's point that life insurance will also pay out if someone has one of these life-shortening conditions—for example terminal cancer—and if they then go on to have a full life fantastic and that is awesome. I suspect that that would be a very small minority of cases but I really don't think that this is a clause in KiwiSaver legislation that people will seek to game.I really do think that the conditions we've placed around this—i.e. medical proof that you have one of these life-shortening conditions—is again pretty hard to game or to use in a fraudulent manner. It would require first of all the person to have fraudulent intentions; second of all for the medical profession to act in a fraudulent manner. Again I just don't think that that will be the case.With regard to the Hon David Carter's point around—sorry the Hon Carter?Rt Hon David Carter: Who do you apply to was my question as well.Hon STUART NASH: Yeah who do you apply to—this will be run through the Inland Revenue (IR). It'll be run through the IR.Mr Bayly your point around KiwiSaver contributions when they go up and down: as you're probably well aware sitting on the select committee and being right over Business Transformation—release four coming out in Easter of this year—that includes KiwiSaver. It is a massive massive undertaking: $1.4 trillion worth of funds I think are being transferred from the old system to the new system but as a result of that the Inland Revenue is going to have a much greater oversight of the whole KiwiSaver scheme.So what we are saying is you provide your information to Inland Revenue. They then go to the employer and our recommendation is that in the next possible—or practical I should say—pay round the employer will enter that information and make the changes. So for example if you provide information to IR and your next pay day is tomorrow then I don't think it is practical to expect them to change the rate within 24 hours but if the next pay day is in two weeks' time then I suspect that that is a practical time to have that change reflected in your payslip and in your KiwiSaver contribution.One thing I would say is the level of data and oversight that Inland Revenue will have under Business Transformation is significantly greater than it has now also keeping in mind as also mentioned that this doesn't come in until 1 April 2022. Inland Revenue has plenty of time to work with employers to make sure that the processes for changing someone's KiwiSaver contributions are robust and are done in a timely manner and I expect any wrinkles will be ironed out well before 1 April 2022. I hope that answers both the members' questions. Thank you.