Tabuteau FletcherFLETCHER TABUTEAU (Deputy Leader—NZ First): Thank you Madam Deputy Speaker. A pleasure to rise on behalf of New Zealand First to speak to this fantastic legislation.I'd just address some of the comments made by the Opposition members if you'll allow me. The comment around fiscal drag is farcical. For eight years the National Government did nothing around the changes to inflation and the subsequent drag on the income tax rates—eight years. Eight years they did nothing and then they decry the fact that they had proposition tax cuts for New Zealanders. Yet they sit there and watch this Government spend absolutely appropriately studiously and wisely on hospitals schools and infrastructure across the country and they—anyway. Let's talk about the legislation because I could spend 10 minutes on what they didn't do—DEPUTY SPEAKER: No you wouldn't.FLETCHER TABUTEAU: But you wouldn't let me.DEPUTY SPEAKER: No I wouldn't let you.FLETCHER TABUTEAU: So let me begin by wishing you a happy birthday Madam Deputy Speaker.So I think I will take a short call because those of us who have spoken already have enunciated quite well what this legislation is about. But there are some highlights for New Zealand First for me personally. This is a legislative package where New Zealanders are witnessing right now the modernisation of our tax system. They are seeing it through this legislation that we are passing through this House tonight through this third reading. They're seeing it in the technology being applied in the IRD. Basically in summary what that means for New Zealanders is a simpler and more efficient tax system that they will notice first hand. One of the statistics that comes to mind is in the last financial year there were 750000 taxpayers who could've received a refund but they didn't proceed with that. They didn't seek to get that refund from IRD. So this modernisation this upgrade of technology of implementation around data management collection of information means a timely response from inland revenue. And what's quite amazing is that for the first time New Zealanders will receive a refund automatically if they are so due. Ironically the efficiency also means that these refunds are probably less and less likely to occur because IRD will become that much more efficient in understanding what people's tax obligations are with their salaries and other incomes. Conversely there'll probably be less tax bills sent out because IRD will get that right as well. So that I think is a tangible measure of what this modernisation of the legislation will mean for people.I just wanted to commend the work of the Minister and the select committee but I wanted to focus on the KiwiSaver provisions to do that because I think it's quite exemplary that we have taken the issues known issues with KiwiSaver and worked on them and put them in this legislation so that those tax income earners between the age of 60 and 65 who used to have a five year kind of block on accessing their KiwiSaver savings can now do that when they turn 65 which is great. What we've also done now is ensure that anyone working who's over 65 and who wants to can use the KiwiSaver system the structure here as a means of savings. Some of our KiwiSaver providers are really good at providing returns for savers. So you know that's to be commended in terms of providing options. The other thing I wanted to touch on was probably one of the most fundamental things for me coming from the Rotorua electorate and that was around the secondary tax rates. It was a common conversation amongst the people of Rotorua in my office and the frustration of having these multiple tax rates. People will be so pleased to know that if they work with inland revenue discuss their income for the year and they both understand what their likely income is to be for the year they will be taxed on those incomes at that one rate. The simplicity of that and the helping people with their day-to-day lives in terms of money management will make a big difference for many of the people in Rotorua. So this legislation is significant in that.Alastair Scott: All your own work. All your own work.FLETCHER TABUTEAU: Yeah yeah. I would probably end it there because it's just too easy to attack the other side. Not in the mood for it tonight. So may I please commend this legislation to the House and thank all those involved. Thank you.