McKelvie IanIAN McKELVIE (National—Rangitīkei): Thank you Madam Speaker. Just before I get into a couple of issues that I want to talk about with respect to the bill I wanted to congratulate the Finance and Expenditure Committee and the member concerned because this bill came into this House in my view in no fit state to be sent forward and I think the select committee have done a really good job of it. They've got it to a point where I think it's fair and equitable and given that we've heavily relied on immigration in New Zealand for hundreds of years almost I think it's essential that we don't put those people who have come to New Zealand in good faith under a set of rules at a disadvantage to what they expected to get when they came here. I think the select committee and the member concerned have done a pretty good job of that and got it in the right space. I just want to stick up for superannuitants for a moment though as I go through this. The last speaker Duncan Webb made a couple of mentions of the way the—the intergenerational stuff. I'll point out to him that those of us who are and there are a couple of us in the House that probably qualify we've paid tax all our lives to get this blimmin superannuation and I don't care what the younger people think—ha ha!—because frankly we paid that tax and they will pay their own tax for their own superannuation. So I don't get this intergenerational stuff at all I don't accept it and I think we should dismiss that from our mind.The universality of it I think it's exceptional in New Zealand and while it's not means-tested—it is means-tested to some extent by the tax department or the Inland Revenue and so I'd make that point. But I just want to stick up for the superannuitants and what's going on in New Zealand with the largesse of this current Government at the moment. If you look at superannuitants I think some of us got a $15 a fortnight pay rise a little while ago but we've seen much larger pay rises—and I've got no issue with the minimum wage but we've seen much larger pay rises with respect to the minimum wage the benefits and those sort of things. Effectively it's left superannuitants of whom almost 50 percent rely entirely on the superannuation to keep them alive at a time when we've got fixed costs dramatically rising for those people on fixed incomes—I think they are challenged by that. I just want to put a word in for our superannuitants because I do think that whilst this bill deals with one very small spectrum of the superannuation scheme there are some real big challenges ahead of us for our superannuitants and the way that we ensure they have a life ahead of them.I just want to add one point with respect to superannuitants: most of us were too late for KiwiSaver and I think KiwiSaver's the best thing that's ever happened to us. I'm of course old enough to remember a particular Prime Minister getting rid of the superannuation schemes that were started by a previous Government and I was actually a member of that—I wish I'd kept my superannuation I probably would have been quite well off now. So it is a bit of a challenge and I think that we need to be very careful how we manage that going forward. You see the country as I said has relied entirely on our immigrants—or to a large extent on our immigrants—to grow our economy in the last probably large number of years really right back probably to the Second World War. So it's essential that we don't discourage those sorts of people from coming to New Zealand and people who want to come here build a life in New Zealand and certainly help improve our economy.So I think this bill has got to a state that's pretty good from our perspective—well from a New Zealand perspective it's pretty good as well. I've got no further thing to say on it other than to support it as it goes through the House.