Seymour DavidDAVID SEYMOUR (Leader—ACT): Well that speech by Richard Prosser was a speech from a member who lacks so many things and now we know that he has a profound lack of graciousness. It was from a list MP who would never be in Parliament had he not been put on a party list—nobody knew who he was—running down one of the great Prime Ministers of New Zealand. I have had the great pleasure over the past 2 years of working with John Key up close and I would characterise him as being one of the most affable unflappable people I have ever known. At certain times—in meetings and at Cabinet committees—I have said to myself That guy is the Prime Minister of New Zealand dealing with very serious issue X and doing it in a way that does not show a hint of being flapped under pressure or of panic." and that is why so many people who have worked with John Key have found him such a pleasure to deal with. On behalf of the ACT Party I would like to thank him not only for myself but also for other ACT leaders who have had that relationship with John Key over the past 8 years.In light of saying that there is no question that although John Key is one of the best most affable and most popular day-to-day managers that a country could hope to have just like in any period of conservative Government—whether it is 1960 to 1972 or whether it is 1975 to 1984—long-term problems have a tendency to accumulate in such a way that change must eventually come. But it will not come—I say to the member who just resumed his seat—from Winston Peters or New Zealand First because to solve serious problems you actually need serious thinking and serious bravery to confront those challenges. When you turn to New Zealand First and when you turn to Winston Peters you get an awful lot of sizzle but at the end of the day a very small sausage. You get an awful lot of piffle but a real big shortage of porridge. New Zealand First members do not have what it takes and that is why their only real selling point is that they believe they will surf a wave of change that has occurred in other countries while ignoring what is actually happening in New Zealand which is that actually New Zealand is doing pretty good.It is those longer-term issues on the horizon that we need to tackle and one of the most acute when it comes to the retiring Prime Minister John Key is the question of superannuation. Every 4 years the Treasury publishes its long-term fiscal outlook and it says—depending on the year; the wording does not change much—something like this: that the Government has options but if it does not take them soon things will get much much harder. It predicts that by the time current university students retire they are going to find themselves living in a country with 200-odd percent public debt. That would be worse than Greece worse than Italy worse than Portugal worse than Spain—worse than any of those so-called PIGS countries. That is an issue on which just about every other country is moving. John Key said he would not change eligibility or the age of entitlement for New Zealand superannuation. It is an issue where young people are saying "We know we're not going to get it ourselves at 65. Why can't we have the conversation?"—and now we can. There are so many people out there in my generation of New Zealanders who are finding it damn tough in the housing market. But they are now being joined by their parents who are saying: "I'm quite pleased that in some parts of Auckland my house is worth $2 million or $3 million However I have three kids and I don't want to give them $6 million or $9 million to get into the market themselves." We find ourselves with two large issues there which are intergenerational and which a future Prime Minister and a future Government will have to take account of. I am very proud to lead an ACT Party that has been playing a constructive role in Government over the last 8 years. Much of the debate and change that has come around in the housing market in particular has come from the Productivity Commission which is an ACT Party initiative. We have recently seen after evidence that it deters criminals the first third-striker under the three-strikes law—something that New Zealanders want. We are also going into a round of prize-givings and commemorations for partnership schools or charter schools which are changing kids' lives for the better.The ACT Party salutes John Key. We are proud of what we have done with him and when it comes to New Zealand's long-term challenges we believe that we have got a lot more to contribute. Thank you."