Brownlee Gerry: Financial Service Providers (Registration and  Dispute Resolution) Bill — Second Reading In Committee 
Text is incorporated into the Bound Volume 
Brownlee Gerry: Financial Service Providers (Registration and  Dispute Resolution) Bill — Second Reading In Committee 
[Sitting date: 23 September 2008. Volume:650;Page:19028. Text is incorporated into the Bound Volume.] 
GERRY BROWNLEE (National—Ilam) 
: 
 Anyone who has been watching the proceedings of the Committee or indeed listening to this debate on the Financial Service Providers (Registration and Dispute Resolution) Bill this afternoon will be absolutely amazed that the Minister in the chair Lianne Dalziel could have listened to such a learned contribution from Simon Power and sit there dumbfounded and unwilling to take the floor of the Chamber and give the explanations that we now know we will have to wait for Mr Tisch to give this afternoon.  
These sorts of bills may in some circumstances be described as somewhat mundane. Indeed a lot of people would say that often people take the floor of the Chamber and speak for their 5 minutes and offer absolutely nothing of substance in the debate whatsoever and that sort of comment of course does not do Parliament itself a great deal of good. But generally there is a reasonably sound reason for people to ask the questions they do. It has nothing to do with the hope that more traffic may find its way down to this House. It does have to do with a desire on this side of the Chamber to be sure that the Minister who is imposing these regulations or conditions upon the financial industry service does in fact know what is going on.  
So we look forward to the Minister recognising that she has some considerable responsibility to the nation taking the floor as soon as possible and explaining the bill to the Committee particularly that clause that Mr Power seems so very worried about—clause 61A. Although we can assure the Committee that in Mr Tisch there is an expert on these matters it is very very important that his knowledge is not given to the Committee ahead of the Minister stating what it is all about. His speech may be a short one. Mr Tisch may in fact give a short speech saying simply that the Minister knows what she is talking about. That could happen and the Committee’s time would not need to be taken in this way were it not for the Minister’s reluctance to speak. I am getting no sign from the Minister that she is willing to answer these important questions. What I can say in all seriousness is that this legislation is a companion to the financial services bill— 
Hon Lianne Dalziel 
: The Financial Advisers Bill. 
GERRY BROWNLEE 
: —the Financial Advisers Bill which was passed earlier this afternoon and it does provide the basis for people who are aggrieved at the service they have received being able to have some redress. 
Hon Shane Jones 
: Talk about aquaculture Gerry. 
GERRY BROWNLEE 
: The honourable member Shane Jones suggests that I talk about aquaculture. I would like to talk about Labour’s record in aquaculture. However as those members have done nothing for 9 years there is really very little that can be said. [ 
Interruption 
] I notice now that I am being mercilessly heckled by the Hon Darren Hughes. He is a man who has elevated himself to the front row of the Labour Party just for the afternoon. We are sure that he will have a front-row seat someday and then he will not have to go about faking sunburn in order to be seen by those who are seeking him out.  
In the meantime I will return to the bill because I do not want to incur the wrath or ire of the Chairperson. I think I can simply say that in providing an opportunity for disputes to be resolved between clients who have expected that they were investing their money quite reasonably on the advice given to them and the adviser who in many cases will have believed that the advice they gave was quite legitimate this is good legislation in the current environment. It is most definitely needed and just subject to that little explanation about clause 61A I think the National Party will be able to continue its support for this measure.