Shaw JamesHon JAMES SHAW (Associate Minister of Finance): Thank you Madam Speaker. I'd just like to start by thanking the Hon Judith Collins for her contribution to general debate then. Seeing as we have veered into general debate about the announcement yesterday I would just like to say that I think that Business New Zealand are actually doing a very good job of communicating to a very wide audience and that Ms Collins should not run down the work that Business New Zealand have been doing to communicate with the public and with their constituents.But to return to the actual matter at hand which is the Taxation (KiwiSaver Student Loans and Remedial Matters) Bill as opposed to the COVID-19 response package announced yesterday I would just like to put on record here at third reading a few points that are not often picked up here. The most important point is that this Government is committed to making the tax system as fair as is possible and I think this bill does that in a number of ways.There are three things that I wanted to draw attention to. One of which is the changes around aligning the rules around employee share ownership schemes which I think is fantastic because the changes that this bill introduces in fact shortly will once it becomes an Act make it more likely that you will have greater use of employee share ownership schemes. In terms of including more people in the productive economy and so on I actually think that that's a very good thing to include not just your traditional owners but also employees as owners of the businesses that they work with. So I think that the set of rules around that changing are excellent. I just wanted to highlight that at this reading because I think it's important that people are aware that those changes are happening and that that then means that they can start talking with their employees about perhaps introducing those schemes or extending those schemes where they have them.The second thing that I wanted to highlight in this is changes around the student loan scheme. There are a number of them obviously in this one but there is a particular change that again hasn't been often highlighted during the course of this debate that I wanted to draw attention to which is around treating overseas-based borrowers who are unable to meet their repayment obligations because they are chronically sick or have a disability—to treat people who are overseas but have that set of circumstances as if they're domestically located in terms of their repayment obligations.Fundamentally that makes life just a little bit easier for those people because the obligations if you're overseas are quite onerous and if someone has a physical disability or a health condition that makes it very difficult to make those payments then this helps those people out. Again I think that that's worth highlighting because people need to know that they can now avail themselves of that once it takes effect.The third one—and this has been highlighted previously and it does actually restore a bit of faith in the parliamentary process because it did come through as a result of a submission in the select committee stages and there aren't actually that many bills that do see significant changes as a result of the select committee process sadly—is the changes that allow people with a life-shortening congenital condition to draw down on their KiwiSaver funds prior to the age of 65. So again in the spirit of fairness and equity the ability—you know introducing that provision I think creates an additional economic circumstance for people with those conditions which should help them out. And that again is only fair and a very good idea so I'm really pleased that that provision was introduced during the select committee process.The bill obviously does a great many other things which have been well traversed in the House. Obviously there have been a number of other issues that have been traversed in the House that had nothing to do with this bill. But those three things are things that I think are very commendable and I wanted to make sure that people are aware of them so that they actually do get taken up.I do want to thank the select committee—I was not on the select committee for this bill—I think they did really good work. I'm delighted that we're now able to pass this bill into law and I commend it to the House.