Xu-Nan LawrenceDr LAWRENCE XU-NAN (Green): Thank you Madam Chair. Thank you for giving me the opportunity to take my first call for this part and also giving us the opportunity to speak on this part in lieu of select committee. Now my question to the Minister is on clause 44 and particularly in combination with the explanatory note on the change to the student loan - based interest rate calculation because we do not have any form of regulatory impact statement on this. What I want to hone in on is around the phrasing of to partially cover the loss in value of the scheme due to recent high inflation." So the key point of my question to the Minister is around the modelling that has been done in relation to the amount of overseas and late student loans that would be collected as a part of this increase in the interest rate.So in terms of the research that I have had the opportunity to look at as our overseas New Zealander spokesperson the fact is that over the last 10 years we have seen student debt increase. The interest rate fluctuates from anything from 2.8 percent up to 6 percent. However in terms of the sum of the student loan that has been collected that has not increased. What we see instead however is that more overseas students are struggling to pay their loan because of the interest. They have such a high interest rate that they're able to pay the interest but not the principal of that loan to the point that in 2022—and this is something that we have to unfortunately find in a hurry because we're under urgency—over 75 percent of overseas borrowers are overdue in terms of the payment of their loan to the total sum of debt of possibly more than $2 billion.So again the question is: what modelling has been done that this is indeed going to be collected rather than being a way of just simply punishing overseas New Zealanders who may be based in and working in countries where they do not earn a high enough salary to be able to pay off their student loan here based in Aotearoa? So that is a question to the Minister.In addition in terms of the Cabinet's own announcement by the Minister for tertiary education who says that taken together these initiatives are a sensible approach to tertiary education funding that reward hard-working students but what we see here is that Inland Revenue is also moving into having more options to actually penalise these students who are going to be coming home even for holidays or potentially if their family members are sick—penalising them and potentially even detaining them at the airport.So again as the overseas New Zealander spokesperson my second question is: when this was done has there been any consultation that was done with our New Zealanders with our own people overseas when they decided to increase the interest rate?So my two questions are: number one what is the modelling that was done around this that suggests that we will be able to collect more money in order to balance that loss in value of the scheme? And number two is: has there been any consultation that was done with overseas New Zealanders on the impact this will have for them in terms of the increase in the interest rate and whether that will affect their ability to come back home?"