Mitchell MarkHon MARK MITCHELL (National—Rodney): Thank you Madam Speaker. I haven't sat on the Finance and Expenditure Committee to hear submissions on the Overseas Investment (Urgent Measures) Amendment Bill. It is a critically important bill. To be honest with you it's concerning because at no time in our past and going into our future has good foreign investment been more important than ever in terms of rebuilding our economy. The worst thing that we could do as a country is put more barriers red tape and regulation in front of possible investment and good capital flow back into the country. We already have a very good regime in place and that's the Overseas Investment Office (OIO).I just want to pick up on a quick point that the last speaker Jan Logie raised which I find completely counterintuitive. I was a Minister myself for Land Information New Zealand and I'm not going to go into the details of the case but just very broadly there was a farm that had been faithfully farmed by a family for three generations in the South Island and the couple that were on it wanted to retire. They'd actually passed retirement age they'd had the property on the market for five years and no one was interested in it in terms of a local buyer and finally someone from overseas took an interest in the property. They were able to meet the price expectations and it went through the OIO and it was very good.The previous speaker was talking about: We want to avoid fire sales on our properties or our businesses." Well the only way to avoid fire sales is to be able to have good capital investment and foreign investment interested in our country. The local market cannot stand up. If you're relying on the local market then that's exactly what you'll get—you'll get a fire sale. They won't be able to meet the price. They won't be able to meet the price expectation around the sale of their business or their property due to the economic impact and harm that we've suffered under COVID-19. So I would just caution the Government and I'd say "Please listen to industry. Please listen to people in business." It is them that are going to take the risks. It is them that need to have the confidence. It is them that need to have the energy to be able to start to rebuild our economy protect jobs and create new jobs.The one issue on the bill that I really wanted to just talk to very quickly was simply this: that they received a large amount of submissions that were very concerned; there's no detail around the national interest test. So you're passing legislation through the House that's going to cede enormous power to one Minister who ultimately will make these decisions and we don't agree with that. Checks and balances are important and they're proven to actually make sure that there are good decisions made. So we're going to pass this legislation without any clarity without any definition without any detail around what the national interest test is that this Minister who's going to have all these decision-making decisions ceded to him is going to apply. So to me it's a complete travesty that this bill is even being debated and actually passed through this House under urgency and a shortened truncated process when one of the most fundamental issues that should be debated is the national interest test. So that's one of the reasons why on this side of the House we cannot stand in support of this bill. Thank you.ASSISTANT SPEAKER (Hon Ruth Dyson): The next call's a split call. I call Dr Duncan Webb."