Potaka TamaTAMA POTAKA (National—Hamilton West): We support this bill from the noble Greenlane resident of the ACT Party. We've heard a lot of fuzzy math and foggy recollection today respect for the taxpayer a bit of candle-seeking for a birthday and overstatements—happy birthday—from one member mentioning the geothermal paradise of New Zealand where apparently 3000 extra houses will go—who knows where?—but the folks at Tikitapu and Okataina will be very uncomfortable with that statement. It's a good idea to incentivise local councils to allow more homes to be sustainably built by recycling money out of the GST proceeds to help fund that new infrastructure. I know as I had the great misfortune—as my Chiefs brother Jamie Strange knows—to try and interrogate the Hamilton City development contributions model many years ago. It was The Krypton Factor all over again. The idea of central government partnering with local government to fund infrastructure is nothing new. We had the Housing Infrastructure Fund (HIF) and then our colleagues over here had the HAF—Housing Acceleration Fund—and maybe we'll have to have the HUFF Fund" one day but that might be for the vaping discussion.This bill facilitates after GST payable on a residential development to be paid by Kāinga Ora to the territorial authority where the development took place. Prima facie this is an idea worth considering and exploring. We'll support it albeit with some observations. Tuatahi first some houses would be built in some places were affordability might be less problematic. Councils in those situations could get a windfall gain. That's all we need in Hamilton Jamie.Ingrid Leary: You're reading your speech.TAMA POTAKA: Second target the change where houses are built above affordability for that place—and at least I've got a speech that ain't about birthdays. Fund areas that are unaffordable. Thirdly as many people who can count and have taken a look at Kāinga Ora the most important basket case of taxpayer wastage we've seen since the last one which operates prima facie probably regularly on a Ponzi debt-funded scheme that's going to have to fund itself for the next 60 years out of what taxpayers' money—DEPUTY SPEAKER: Mr Potaka we'll just—on the bill please. Relate to what you're talking about.TAMA POTAKA: Whānau we need to get the country back on track and infrastructure is the key to make that happen in a smooth and credible manner. This GST-sharing bill will help support that help incentivise councils to enable and permit developments in various areas. The country needs a more relevant and appropriate funding system not one that's funded out of the Government using your money every day to fund its wild and vain projects. Don't get me started on light rail—don't get me started on light rail—or the million dollars a day this Government spends on emergency housing because they can't actually build it fast enough. Do you know why? A million dollars a day—do you know why? Because Kāinga Ora starts driving up the value of land throughout the city including Borman Road—where Jamie Strange is the MP—27 houses for $20 million. Couldn't do it themselves so it went to a private developer surreptitiously to buy it. No contribution to GST. So I say Kāinga Ora is the vehicle to fund this or to channel the payments—very worrisome indeed Ms van Velden. KiwiBuild need I say more—2 percent. This GST-sharing arrangement will not help it meet the target because it was a failure. Gone gone gone by lunchtime. Sharing the GST might be one step forward—it might be one step forward. It could operate and act with other dials though. Getting away from these vanity projects and egotistical announcements—cutting ribbons means nothing if we can't cut through on infrastructure. I'll cut the ribbon to anyone's birthday but on infrastructure we need funds and it's not going to be funds that people are spending on vain projects.Expanding the role of Crown Infrastructure Partners to establish a national infrastructure agency is something that we will be committed to. We won't be committed to spending $30 billion on a light rail project road to nowhere; we'll actually fund infrastructure that is needed for our communities. What we have right now is a Government with an agency called Kāinga Ora that just represents the development aspirations of some of the Ministers who couldn't do it in their private lives. So instead they said "Let's put our money in the taxpayers' pocket to fund our ideas and our aspirations because we've never been able to do it ourselves."DEPUTY SPEAKER: In your last 30 seconds back to the bill please Mr Potaka.TAMA POTAKA: A more innovative suite of investment opportunities particularly revenues to incentivise payments to incentivise investment from private sector capital is useful. Right now that's what we need. We need private sector capital to invest in New Zealand. Do you know why? Because the private sector is scared of the Labour Government. It doesn't matter if it's an offshore sovereign fund it doesn't matter if it's a super fund or ACC the private sector capital is concerned that this Government wastes a whole bunch of money cannot deliver anything on time and cannot deliver for the future of New Zealand. Back on track! Kia ora tātou."