SpeechJONATHAN YOUNG (Chairperson of the Economic Development Science and Innovation Committee): Thank you Madam Chair. Look can I say thank you to the members of the Economic Development Science and Innovation Committee who I understand from the record of our clerks undertook an arduous series of hearings with Ministers. In fact when we look at the number of portfolios that the committee covered it is commerce and consumer affairs; communications; economic development; energy and resources; infrastructure; regional economic development; research science and innovation; and tourism. And particularly I think in the current context of the New Zealand economy and the challenges we face with responding to the pandemic each one of these portfolio areas is very pertinent to addressing the continual issues that New Zealanders are facing. So look we did have a very significant number of Ministers come our way and the committee did spend a considerable amount of time being able to question them on the appropriations that they were responsible for. In fact if you do have our report before you it's some 39 pages long. So you can see just how incredibly challenging it was to get through all of this and of course to come now to this time where we can address these issues in the committee. Can I say also that the officials that supported the select committee also worked very very hard. Look we covered lots of very important areas. We looked at the responsible lending legislation; we looked at a KiwiSaver review; we looked at the Commerce Commission—the funding and the merger laws that they are looking at and particularly the challenges they have as they have done market studies and continue to look at doing that. We looked at the Financial Markets Authority and the fact that this entity is very important to the health and robustness of our financial sector. They are under increasing pressure as they take on a wider remit and of course the funding of that entity was raised by the committee. We looked at subjects such as Air New Zealand credits and we know that's an issue that is of current conversation. Our national airline of course is working with customers right throughout the country. We looked at communications the benefits of 5G that's going to come into our country and economy. The reality is that all of us during that particular five weeks where we were in lockdown and many businesses and people across the country would not have been able to continue their work without connectivity. So that was something certainly that we were very keen to review. We also covered some of the challenges that particular entities like New Zealand Post face and we saw that many of the challenges that they have—you would expect actually that people being at home during that period of time would be writing lots of letters but in fact they were sending lots of emails. So New Zealand Post had the challenge of a diminishing revenue flow and how the Government was going to support that. In fact the previous Government faced the same challenge as well and we know that this is an ongoing issue.We continued to look at COVID-19 border restrictions the America's Cup—and those issues that were pertinent at the time—and we trust that we will be able to see a magnificent regatta hopefully next year. We looked at energy and resources and the appropriations that are occurring there and we noted that the decommissioning of the Tui oil field is a responsibility that's come back on to the Government regretfully. We talked about particularly the opportunity that we hope the Government would offer Taranaki businesses and engineering and service sectors to be able to participate in quite extensive work. And it was good to hear the Minister of Energy and Resources say that that is the intention of the Government to allow as much work to occur in Taranaki as possible. Thank you Madam Chair.