van de Molen Tim; Rurawhe AdrianTIM VAN DE MOLEN (National—Waikato): Thank you Mr Speaker. It's lovely to see collegiality breaking out at this late hour on a House sitting on a Thursday afternoon. It wasn't here perhaps earlier on—but that's all right; nevertheless it is encouraging to see and I thank all members for it.Look it is a pleasure to talk a call on the Overseas Investment (Forestry) Amendment Bill second reading coming back from select committee. For me this is one of the prime examples of why it's so important to get rules right. When you think about the impact that legislation has from the effect of Government meddling in the market you see unintended consequences and submitters came to the select committee with some very clear views.When we think that actually this rule came in primarily through the last term of Parliament when the New Zealand First Party at that point held the Government to ransom effectively to say Hey we need to get this in place" it skews the playing field. I think that's one of the key challenges here and we see this in legislation when you create a set of rules that makes for an uneven playing field you can get some dangerous consequences. We've heard that consistently over the last few years.Part of the carbon credits aspect part of the special forestry test impact has resulted in a significant increase in the volume of the land going into forestry from sheep and beef or other land uses. There have been a number of concerns raised about that in terms of the impact on those local communities especially but also the longer-term impacts from having that sort of significant change in land use around the countryside as well and whether or not that is the right outcome whether it was the intended outcome and what we might do about it. So that is encouraging to see that that is being wound back a bit through this bill.We do support the bill as I suspect listeners will be aware by now because ultimately having a level of foreign direct investment in our country is important. We are a small nation we do rely on overseas investment and it contributes greatly to our prosperity. It enables people to invest to set up businesses to take on opportunities when there may not be that capital available domestically and yet the creation of jobs that can come about from that sort of foreign direct investment—it can be significant for our communities.So these sorts of things are really important. Of course having the right rules around it is the key aspect and that's where I think we've strayed a bit over the last few years with where the legislation sat in regards to the special forestry test but now that's been tidied up somewhat and will start bringing that uneven playing field back on to a more even keel—as I mix metaphors all over the show.I think one of the key things that we look at and I'll come back to that land use because that is one that is really important for me coming from a rural community as well. Any time we are setting legislation here we need to be really mindful of the unintended consequences that can arise from it. In this situation I heard consistently over the last few years that there were some real impacts happening around our rural communities; I've seen some of that playing out and on that basis I'm really encouraged to see the changes put forward here.Now I notice Mr Speaker you are getting somewhat restless so I'm happy to bring my contribution to a close as we near the end of play for this session of the House just noting that we are in support of this. Ultimately having a level playing field enabling everyone to participate or to compete on the same basis is appropriate having a level of foreign direct investment is important and helps to boost our economy here in New Zealand and so National supports this bill. Thank you.DEPUTY SPEAKER: Members this debate is interrupted and is set down for resumption next sitting day. The House stands adjourned until 2 p.m. on Tuesday 9 August 2022. Kia manuia. 'Aere rā.Debate interrupted.The House adjourned at 4.56 p.m."