van de Molen TimTIM VAN DE MOLEN (National—Waikato): Thank you Madam Speaker. Well that last contribution was about as useful as the bill itself. We've got a piece of legislation here before the House that quite frankly sums up the Government's approach recently: it's a total waste of time. It's a real—well it's a solution looking for a problem quite frankly. We have now another example of dilly-dallying around when there are really critical issues that should be getting addressed by the Government at the moment and frankly the country is suffering because of it. We have already a set of rules in place that enable our directors to act appropriately in regard to carrying out their duties on behalf of the companies they're involved with. There's nothing that at the moment requires this change to occur and quite frankly we've seen many businesses already looking at a range of aspects that are in the best interests of their business and that is as it should be. It is not necessary to put in this extra caveat that requires them—or gives them to the previous speaker Jamie Strange's point—that they may consider other aspects outside of profit.Businesses operate in this fashion already and I think this really highlights one of the key aspects from the Government where they clearly lack a good understanding of what it means to operate around a board table and of how businesses operate because these sorts of considerations are absolutely critical sitting around the board table. Of course the numbers are considered but a whole range of factors are considered from a director's perspective in their role on a board determining the future or decisions for a particular entity that they may be involved with. What we've seen—and actually one of the previous speakers said this as well—is that companies are already going on this journey. And that's exactly right; they don't need this legislation to be able to make the right decisions for their business for their communities and for the environments that they are operating in. I think that's the fundamental flaw from this Government: that they think they need to control the narrative they need to tell businesses how to operate for businesses to succeed. We have a fundamentally different view. We absolutely disagree with that position. We have confidence in the business sector in New Zealand. We back them to go out every day and perform and they do that day after day. Despite the increasing burden of regulation the additional red tape and the additional costs of compliance being imposed on them day after day by this Government the business community continues to perform. Now profit as we've heard seems to be a dirty word on that side of the House and it's certainly not because you can't be green if you're in the red. That's the saying that we use in the food and fibre sector a lot because everyone that I've come across cares about the environment. They want to do the right thing for their communities for the environment and for their employees and that's how it should be. But to do that you have to be a successful company you have to be generating profits and you have to be succeeding in your industry. We seem to have a Government intent on putting burdens and controls in place to dictate how that should or should not occur. Ultimately what that's doing is it's undermining the ability of those businesses to perform and to succeed for them and therefore for their communities their employees and the environment around them. And that's the sort of mind-set that simply is not working and it's been borne out over the last six years under this Government—this lack of trust that the Government has in the business community in New Zealand and in the people of New Zealand it seems such that they feel the need to impose an onerous level of control across all manner of areas. It is simply unacceptable and frankly disrespectful to that community as well. We are a great country we can continue to be better we need to up the game but at the moment we've got a Government intent on pulling our business sector down. We fundamentally disagree with that approach. Pieces of legislation like this epitomise the Government's approach to a lack of trust in the business sector and the need to control and influence everything and frankly we disagree with it. It's another socialist approach that quite frankly doesn't fit and the problem with socialism is that eventually you run out of other people's money to spend. This is the problem that we're seeing here when our business community is struggling time and time again getting more and more impositions put on them by a Government that simply doesn't seem to understand. [Interruption] They've woken up over the other side of the House now. We quite frankly do not accept that this is an appropriate piece of legislation. We do not support it. We are committed to backing our business sector backing this country to get back on track and succeed like we know that it can. Thank you.