Kuriger BarbaraBARBARA KURIGER (National—Taranaki - King Country): Thank you Mr Assistant Speaker. Taking a call on this KiwiFund Bill I would like to congratulate the member Fletcher Tabuteau for bringing it to the House but you know it's very interesting to me—we've just had a presentation by Andrew Bayly who talked about a new working group being set up every 10 days and now here we've got a piece of legislation in front of us to set up another working group and another working group and another working group. It seems to be the story of the way that this current Government wants to operate.Something that scared me a little bit before was when Fletcher Tabuteau said that you know this could be a great thing and it could be akin to the Regional Development (Provincial Growth) Fund. Well the Provincial Growth Fund actually sounds like it should be a good idea but nobody actually understands what's going to be achieved from it because we're still trying to get the facts the application and everything. And we hear that there's going to be something happening later on this week in terms of announcing what's going on so that people will totally understand it—so starting to finally realise how it's going to work.So we set up committees we put all these things in front of people and then this Government makes promises and says we're going to have this and it's up to the people then to go and figure out how it's going to work. So it's all talk and no action.I want to know: if Kiwibank is already Government-owned what's this new fund going to do that Kiwibank's KiwiSaver fund can't do? And I know that Fletcher Tabuteau talked before about the over 90 percent of people who are using the default system but is that a reason to go and do a whole new piece of legislation and set up another working group? Is there not an issue here with actually an education programme? Is there not an issue here—we're talking about things in schools every day around here at the moment. Is it not about educating people to be able to take part in it? So we can look at the system and we can say that because over 90 percent of these people are taking the default option we need to do a piece legislation and we need to set up another committee.Michael Wood got up and he talked about reflecting on past wrongs and coming to the light. This obsession with the KiwiFund already drove a wedge between New Zealand First and Labour in 2013 when the then leader David Cunliffe said his party didn't think that the KiwiSaver industry was fundamentally broken. So it might be a point here either to reflect on past wrong and say that you've come to the light or maybe explain to us what's changed in that period of time since David Cunliffe came out and made that stand.Also Michael Wood talked about savings and talked quite a bit about savings. I'm a huge supporter of people making savings but one of the things I'd like to know in line with this when we're talking about KiwiSaver is that prior to this last election when this team of people became the Government they were talking about bringing back the $1000 starter for KiwiSaver. I'm still waiting for any announcement that said that might be likely to happen. So there might be somebody that might want to enlighten us on what's going on there.Andrew Bayly did have a really good point when he talked about having a look at the fees.Andrew Bayly: He had lots of good points.BARBARA KURIGER: Yeah he had lots of good points but one of the ones he talked about he said there is a good reason to have a look at a review of fees and there's never any problem with having a look at a review of fees but you don't need to set up a piece of legislation and set up another committee to do that.Some of the feedback from the financial sector that came from the Financial Services Council of New Zealand basically said that The Financial Services Council supports initiatives that build a sustainable financial services sector and deliver strong consumer outcomes but it is unclear what problem the KiwiFund Bill is trying to solve."So I stand here today in opposition to this bill but if this Government and all of the parties on the other side of the House in their wisdom decide to support this bill then I would certainly be looking forward in the committee stage to finding out what the problem really is and answering the Financial Services Council's questions. So thank you Madam Assistant Speaker."