Flavell Te Ururoa: Credit Reforms (Responsible Lending) Bill — First Reading 
Text is incorporated into the Bound Volume 
Flavell Te Ururoa: Credit Reforms (Responsible Lending) Bill — First Reading 
[Sitting date: 21 July 2010. Volume:665;Page:12586. Text is incorporated into the Bound Volume.] 
TE URUROA FLAVELL (Maori Party—Waiariki) 
: 
 Tena koe Mr Assistant Speaker. Kia ora huihui tatau katoa. Ko taku noa ake ko te whaiwhai haere i te ahuatanga o nga korero kua puta me ki i a Reipa me nga Kakariki mo tenei pire. Ko ta matau e ki nei hangai tonu ana tenei pire ki te hunga rawakore koremoni me te hunga pani ranei. Kare matau i te tino whakaae atu ki tera momo huarahi. I tona putake he korero tenei mo te hunga penihana te hunga koremahi. Ka huri ki hea ki te kimi moni ka huri ki te nanakia ki wetahi hei utu i nga nama penei i te kai nga mea me ki hai oranga mo te tangata. No reira tenei pire he korero mo te oranga o te tangata. Ka kore he moni kore he kai ka huri ki hea? Ka huri ki te nanakia. Na reira he aha tenei mea te nanakia? E ai ki ta te Department of Internal Affairs 
  
anei te whakamarama i te reo Pakeha mo tenei mo te loan shark 
.  
E ai ki ratau. 
[ 
Greetings Mr Assistant Speaker and greetings to us all gathered here. I want to follow up on what Labour and the Greens have said about this bill. We advocate that this bill focuses on the needy the penniless and those without. We do not go along with what they say. Essentially this story is about beneficiaries and those without work. Who do they turn to for finance? To the loan shark or to others who can offer finance to pay bills like those for food and essentials to survive on. So this bill is a story about one’s survival. If there is no money no food who does one turn to? To the loan shark no doubt. So what is this thing called a loan shark? This is an explanation in English to the Department of Internal Affairs 
.]  
A loan shark is a person or entity that offers loans at very high interest rates typically illicitly and requiring little or no security. Repayment is often enforced by blackmail or by threats. 
No reira koina te putake o tenei pire mo tera momo nanakia. Ko taku he mihi ki tera mema a Carol Beaumont. Ko ia tenei e kokiri nei i tenei pire ki roto i te Whare Paremata i te mea i nga tau kua hipa ehara i te mea kua tino rongo nga taha e rua ki te putake o tenei o nga take. Mena ka taka te tangata ki roto i te raruraru a-moni nei ano nei ko te korokoro o te parata ina ke tona toronga. He kore moni he awangawanga a-ngakau he mauiui he whakawehewehe i te tane me te wahine wahine ki te tane kore moe enei ahuatanga katoa. No reira ka pa kaua ki te pukoro i tona kotahi engari ko te noho o te tangata i tenei ao. Kaore e kore tatau katoa kua huri ki te peke ki tetahi atu ranei ki te moni. Ko te mate mo tenei pire ina ke te nui. He nui noa atu te moni e kimihia nei e etahi ki te haere ki te peke mo te whare a mo te aha ranei. No reira koinei ta matau e awangawanga nei. Kua rongo ake i te ingoa o tenei tangata nei a Mr Andrew Shann ka nui te mihi ki a ia. Nana tenei take i kokiri me tautoko ka tika. E ai ki tana e 90 pai heneti o te hunga haere ki te kimi moni no te Moana-nui-a-Kiwa no te Ao Maori nga mea o Tonga o Hamoa ranei no te Ao Maori—e 90 pai heneti o tera hunga no tatau. No reira kia tupato tatau. 
Ara ano te patai he aha te take ka haere mai ki a au a Maori nei a Hamoa nei a Tonga nei? Mo te aha? A no te mea kai te rongo tatau i te ngau o kore moni era ahuatanga katoa. Engari me hoki ra ano ki tenei tangata ki a Mr Shann me te mihi ki a ia i te mea ko ia tetahi kua tae mai ki a matau o te Pati Maori i nga toru tau kua hipa. Me mihi ki a ia. Me mihi ki te mea o Porirua ki a Jenny Brash ki a Litea Ah Hoi tena korua tena koutou hara mai i te mea na korua ano ra tenei take i kokiri penei i ta te mema a Charles Chauvel i kokiri nei i tenei take. Me mihi ki a ia i te mea kua puta i roto i wana rangahau enei korero katoa. Kia huri au mo te wa poto ki te reo Pakeha. 
[ 
So that is this bill’s rationale for that kind of loan shark. I commend that member Carol Beaumont for bringing this bill before the House because neither side in the past has been prepared to face up to the issues around this matter. When a person falls into debt it is like dropping into a huge whirlpool in the sea called the throat of Te Parata. Its effect spirals. It creates poverty stress illness a breakdown in relationships sleepless nights and all those kinds of things. So it is not the pocket alone that is affected but a person’s lifestyle in this world as well. Without a doubt we all turn to banks or someone else for money. The problem for this bill is the scale of it. The amount sought by some for the house or whatever from the bank is huge. And that is a concern to us. Hearing the name of this person Mr Andrew Shann brings to mind the solid work he has done in this area. We acknowledge and appreciate him greatly. According to him 90 percent of those who seek money are from the Pacific Islands and Maoridom; from Tonga Samoa and Maoridom; 90 percent of that group were ours. So we need to be careful.  
Here is another question. Why do Maori Samoans and people from Tonga come to me? What do they come for? Because we are feeling the sharp edge of poverty and all those kinds of things. But we must go back to this person Mr Shann and commend him because he was the one who worked solidly with us the Maori Party in the past 3 years. We acknowledge him. Acknowledgments as well to the Mayor of Porirua Jenny Brash and Litea Ah Hoi; greetings to you two and the others welcome. You two worked on this matter as well like the member Charles Chauvel. But we must be grateful to him because all that we have talked about here was revealed in his research. I wish to switch to English for a brief moment. 
] 
Mr Shann’s research indicates that actual annual interest rates being charged by fringe lenders can exceed 400 percent per annum effectively compounding to well over 1500 percent. Secondly he says insufficient attention has been paid by regulators to the fringe lending sector. He says that whether fringe lenders can legally recover the extremely high rates of interest they charge is unclear and that New Zealand is lagging behind the Australian states in protecting consumers from the behaviour of the fringe lending sector. 
Ka mutu i tenei pire tenei momo ngangara? E kao! Engari tera pea ara ano etahi tiakitanga hai awhina i ahau a Maori nei otira te hunga noho koremoni nei. Kua roa matau e korero ana mo tenei take matau nga mema Paremata o te Pati Maori. Katoa nga mema kua rongo i nga korero mo te ngau o nga nanakia nei ki nga mea e noho nei i roto i o matau rohe poti. No reira he pai tonu te ata titiro ki nga waka ataahua nga whiriti ataahua nga mea hou mo te kainga engari mena ka ngau tonu tera i to pukoro me te ahuatanga o etahi nanakia e haere nei i roto i nga hapori ka raruraru i reira. No reira ka tautoko te Pati Maori i tenei pire. 
[ 
Will this bill put an end to this type of reptile? Not at all! But it might give more helpful protective measures to Maori like me indeed to vulnerable people on lower incomes. We the members of the Maori Party have spoken out about this issue for a long time. All members have heard stories about people in our electorates who now owe more than they own. So while it is still fine to look carefully for flash cars fridges and new things for the home the moment it hits the pocket and one becomes a victim of a shady loan shark in the community then there is a problem. So the Maori Party will support this bill. 
]