Bennett David: Student Loan Scheme Amendment Bill (No 3) — First ReadingText is incorporated into the Bound VolumeBennett David: Student Loan Scheme Amendment Bill (No 3) — First Reading[Sitting date: 27 August 2013. Volume:693;Page:13019. Text is incorporated into the Bound Volume.]DAVID BENNETT (National—Hamilton East): “A change is coming”—a change is coming to the Labour Party all right. Obama used those words not Cunliffe not at quarter to ten at night to do your speech to be leader of the Labour Party. How pathetic is that? Nobody is listening nobody is watching no union officials are here watching and no members of the Labour Party are here—if there are any members left—and poor old David Cunliffe has to come to this House and use the Student Loan Scheme Amendment Bill (No 3) first reading to do his leadership speech. That is a shame David but it is good to see that you are surrounded by loyal people like Trevor Mallard—people whom you can depend on to be beside you. Sue Moroney is there. Sue Moroney is a definite supporter of David Cunliffe. Sue has gone out there and said she is supporting David Cunliffe.The ASSISTANT SPEAKER (Lindsay Tisch): Order!DAVID BENNETT: Sue Moroney has never got anything right so supporting David Cunliffe is a really good start. Iain Lees-Galloway the man behind is looking at coming up a few pegs or two if Mr Cunliffe gets in. The Labour Party members are playing a game. It is a great game for us to watch and see but it is disgraceful that they have to come and take advantage of the Student Loan Scheme Amendment Bill (No 3) to play their game.This bill is important. This bill is needed because we need to send the right signals to people who borrow and use Government funding—the funding that is the ladder that gives people that step up in life. It is not about taking the ladder away as some people say. It is about actually making sure there is fairness and equity in respect of those people who take advantage of the ladder that the Government gives. That fairness and equity is recognising that you have a debt and paying that debt back. That is the important thing. When we look at some of the statistics—have a look at these.Tracey Martin: Oh here we go!DAVID BENNETT: Yes have a look at these—New Zealand First Party—facts are important. When your leader comes back he will tell you what facts are. If you look at the overseas borrowers there are 64 percent who are in default compared with 36 percent of borrowers in New Zealand. If you look at the amount in default it is $93.4 million for New Zealand borrowers who are here and $536.1 million in default for overseas borrowers. That is 15 percent of the amount in default is owed by New Zealand borrowers and 85 percent of the defaulting loans are owed by borrowersoverseas. Those are New Zealanders who have taken the ladder to get themselves up and have not repaid that ladder. That ladder requires some repayments so that the next generation of New Zealanders can have that ladder so they have got that opportunity. It is a pity how the Labour Party a party that is supposed to be there supporting people in their time of need comes in here and makes political advantage out of something that is there for the good of those people who want to be supported and to be given a start in life. So shame on the Labour Party. It is a disgrace to the values of a real Labour Party. David Shearer stood for a real Labour Party. We are not going to see that out of any of the three monkeys who are trying to stand now. Thank you.