Young Jonathan: Third Readings — 
Text is incorporated into the Bound Volume 
Young Jonathan: Third Readings — 
[Sitting date: 27 September 2012. Volume:684;Page:5790. Text is incorporated into the Bound Volume.] 
JONATHAN YOUNG (National—New Plymouth) 
: 
 Thank you for the opportunity to stand and speak in support of the bills we are looking at that were formerly parts of the Commerce Commission (International Co-operation and Fees) Bill which is touching on all of these five bills of international cooperation. I do thank the previous speaker the Hon Lianne Dalziel for the history lesson—what a great grasp of figures and dates. One of the things that we— 
Hon Simon Bridges 
: Too much time on her hands. 
JONATHAN YOUNG 
: I think so too much time. In fact if we had not detoured through memory lane we might have got through this a lot faster which is what she was hoping. 
It is important to understand in this modern age of global trade that things are happening very very rapidly and especially as we see New Zealand and Australia lay out their ultra-fast broadband. This creates even greater opportunities for businesses on both sides of the Tasman to cooperate and work together in a single economic market which we know is very important for us and is also very important for our Australian brothers and sisters or cousins or whatever you may refer to them as over the Tasman. 
 This legislation is going to allow that better trans-Tasman work. It is going to allow enforcement of competition and consumer laws. This is incredibly important because we know that an even playing field is what competition thrives on and when we have good honest competition we know that the consumer is the person who will benefit most of all because competition means efficiency in product development and efficiency in marketing and sales because everybody is competing for the consumer’s interest. In the final analysis when there is that competition the consumer is getting the best deal that is possible: high-quality services at the best deal possible. This legislation is going a long way to support that and it is very good to see it progress here to its third reading. 
International cooperation between regulators is becoming very much part of the global market place. We know that as a nation we are big big traders internationally. I think somewhere between 85 percent and 90 percent of what we manufacture gets sent overseas. We know that this legislation matters a lot for us in terms of our ability to interact on that global stage so it is important for its progress to go through the House in this final reading. Our ambition is that a New Zealand company can do business as easily in Australia as it can at home and vice versa. We know that as ultra-fast broadband rolls out in Australia and in New Zealand there will be that fantastic opportunity for people to trade interact discuss make business plans and cooperate as if they were in the same room. We are yet to see the advantage and the benefit of that in our businesses and I think it is going to be outstanding. I think it is going to see great advancement for businesses in New Zealand. 
So the easier we can make it for companies to operate in both countries by removing unnecessary barriers the greater the opportunities will be for business to make big productivity gains and take up the new opportunities that will underpin long-term business growth. We know that New Zealand is in far better shape than many nations around the world. We know that Australia has done very well during a time when many other countries have struggled. So it is good that we can have this arrangement particularly with Australia and other regulators as well of course so that we can continue to build on the strengths that we have as a nation. I am very pleased to support this. I think that this is going to be very positive and progressive for businesses and also for the regulators of both Australia and New Zealand. Thank you.