Bennett David: KiwiSaver Budget Measures Bill — First Reading Second Reading In Committee Third ReadingText is incorporated into the Bound VolumeBennett David: KiwiSaver Budget Measures Bill — First Reading Second Reading In Committee Third Reading[Sitting date: 21 May 2015. Volume:705;Page:3798. Text is incorporated into the Bound Volume.]DAVID BENNETT (National—Hamilton East):The speech that we heard from Andrew Little today was much better than 2 days ago. I think that was actually a better speech than the one he delivered on Budget night. It was too little too late but it did come from a member of that party. And in that speech he talked about how the Labour Party felt that there were shamed faces in this Chamber. The only shamed faces are over there. Those were the shamed people on Thursday because they realised that for over 43 years they have not delivered for the people who need help—43 years that will go down in the history of New Zealand politics. Forty-three years and not one Labour Government did a thing for those people. Every day they come into this Chamber and they preach high and mighty and they say how they are looking after people in need and in vulnerable communities—all that stuff. Do they deliver for them? No they do not deliver. Andrew Little does not want to do that.What does he want to do though? What does Andrew Little want to do? He wants to take superannuation away from hard-working New Zealanders—hard-working New Zealanders who have spent a lifetime working. When they retire they look forward to their superannuation. And Andrew Little wants to take that away. He wants to take superannuation away from New Zealanders. He has had 2 days to reflect on that and he still believes in it. Today in this House this morning he said that he would take that superannuation entitlement away from New Zealanders—from hard-working New Zealanders who have spent years in the workforce. They are going to lose it under Labour. New Zealanders understand and expect that from the Labour Party now.Labour’s grand plan is to give you $1000 in your KiwiSaver. Grant Robertson said that he would do that. He would reinstate that policy. This morning the Labour Party has said that it would reinstate this policy but its reason for reinstating this policy is that in good economics it makes you feel good if you have got $1000 in your account. Good economic policy according to the last speaker Mr Clark who did not come back to Hamilton after his last visit is that if you feel better for having $1000 in your account then that is good economics. Well where does that money come from Mr Clark when you have got Budget deficits? You have to borrow that $1000 to put into somebody’s account to make them feel good. Is that good economics?Maybe if you had actually run a business you would understand that you have to earn the money and then put it in your account rather than put it in there just to make you feel good. But that is the feel-good factor that you get from the Labour Party. Grant Robertson said after the Budget that the Labour Party is going to reinstate the KiwiSaver kick-start. He did not talk to his colleagues. He did not talk to them at all. He just came out and said it. He said it. That means that Labour has committed another $400 million in the next Budget and future Budgets—$500 million. So when we come to 2017 you can put another $500 million on what it promises in the election campaign.Hon Member: Whack it on the bill Phil.DAVID BENNETT: Whack it on—that is right. Whack it on the bill because that is what Labour has done.Mr Little when he was talking mentioned superannuation constantly during his speech. He talked about it constantly because he wants to attack the very people who have made this country strong—the very people who are in this room. I bet you that “Professor” Fletcher Tabuteau over there will not be agreeing with that. I bet you that “Professor” Tabuteau when he talks to his boss will know that New Zealand First is not supporting any changes to superannuation because for all of the faults that there are in New Zealand First—and there are many and you will see them lined up there now—there is one thing it has got and it is that its leader has a sense of the superannuation debate. He knows that it would be the end of the world for the Opposition to go out there and actually promise changes to superannuation. But the Labour Party is high and mighty and will do that. It is a bit like a capital gains tax. A member of the Labour Party promised a capital gains tax. Then they lost the election. Then they said no we are not having a capital gains tax.Dr David Clark: I raise a point of order Mr Speaker. I appreciate that my own contribution was somewhat wide ranging but I did try to tie it to the bill. If the member is trying to say that the cuts that he is making are tied to the bill then that might be in order but it seems it is going a bit far.The ASSISTANT SPEAKER (Hon Trevor Mallard): The question of relevance is one that is purely for the Chair and although I accept that I received some criticism from the Leader of the House when I attempted to narrow the debate earlier as a result of the advice that I have had from him I have let this member run a bit wider than would normally be the case.DAVID BENNETT: I do not know why the Labour Party cannot give dignity to people in retirement and why they want to attack the hard-working New Zealanders who have spent years working in our workforce to pay for those members to be in this room—to pay for them to have those grandiose ideas to pay for them to go around the country as if they are some kinds of lords and ladies of the world who can tell us what to do. And then when it comes to those workers’ retirement they are going to take superannuation away. They are going to take away hard-working New Zealanders’ entitlements in their retirement. But they want to give those workers $1000 now to make them feel happy. That will make them feel happy and they will be all right. When they retire they are going to lose more than $1000; they are going to lose their entitlements. They are going to have to wait until they are 70. Under Labour those people working on the outside of this building doing the hard brickwork on this building will have to work until they are 70—70 is the age Labour is going to make them work until. But those workers will get up each morning and they will do that work because they know that they got $1000 when they were 21 and they will remember that and think: “I am happy. I am a happy person because I got that thousand bucks.” That is what the Labour Party economic theory is all about.It is great to see and it is great to see Andrew Little smiling. It is the first time that I have seen him smile in 2 days. It is hard for him. It must be very difficult being the leader of a party that does not really exist any more and also a party that he does not have support from. The rest of them show more animation when a National Party member speaks than they do when their own leader speaks. It was really sad to watch them on Thursday night. When you look at a Budget you should attack a Budget if you are in Opposition.The ASSISTANT SPEAKER (Hon Trevor Mallard): Order! [Interruption] Order! I think that even my sort of liberal approach is now being tested when the member talks about other debates on which he is yet to speak. So the member will now address the KiwiSaver Budget Measures Bill.DAVID BENNETT: Thank you Mr Assistant Speaker—and a very good Speaker as well. For 43 years we have delivered the Budget—The ASSISTANT SPEAKER (Hon Trevor Mallard): Order! [Interruption] Order! The member will resume his seat.