Coffey TamatiTAMATI COFFEY (Labour—Waiariki): Tēnā koe. Ā tuatahi me tuku whakaaro ki ngā mate huhua o te rohe o Te Waiariki—ā tuatahi a Hamilton Manaia Pīhopa Kīngi rāua ko Wīkeepa Te Rangipuawhe Maika ngā rangatira o te rohe o Te Waiariki kua hinga—me ngā mate o Aotearoa katoa ā haere haere haere atu rā ngā mate! Rātou ki a rātou tātou ki a tātou tēnā koutou. [Thank you. And so firstly let's give a thought to the many deaths of the Waiariki region—in the first instance Hamilton Manaia Pīhopa Kīngi and Wīkeepa Te Rangipuawhe Maika esteemed ones of the Waiariki region who have fallen—plus the deaths from the whole of New Zealand so go forth depart farewell indeed the dead! They to themselves and we to ourselves acknowledgments to you collectively.]I'm still trying to work this House out if I'm being completely honest—the rules the protocols where the line is. And it seems as though the last speaker just crossed that. But I'm expecting that in my time I'll break probably a few rules.There's quite a bit of heat coming from the Opposition there about this bill actually having been drafted by the Opposition and the Law Commission. Oh there he goes; ka kite. While they are to be congratulated for this particular bill it's actually us that's going to finish this one off. As well as that we're also going to pick up the many balls that they've dropped over the last nine years—www.feesfree.govt.nz.But we are here to talk about the Trusts Bill. It's not a particularly enticing piece of legislation for those people that haven't gone through law school for those people that haven't lectured in law and actually for the people who will be standing around the water cooler tomorrow; I'm pretty sure that they're not going to be talking about this particular bill. But it's important right? As previous speakers have indicated between 300000 and 500000 trusts are in operation here in New Zealand. The statistic goes so far as to say that one in four people are actually affected by trusts in one way or the other. It was this afternoon as I was thinking about this I realised that actually I've got quite a bit of involvement in trusts.I have the privilege of sitting on the Rotorua Energy Charitable Trust. It's a very very proud trust that we are part of. Many years ago we took a capital injection of $30 million. As a community in Rotorua we invested that money and we've grown it into a pot that now sits at around $130 million of which we skim off the top of it and we distribute that back to the community in terms of grants and scholarships to our young people. When I first signed up to the trust when I was first elected to the trust there was a lot of misinformation around. I wasn't a hundred percent sure about what my responsibilities were so it took quite a bit of time for me to wrap my head around exactly what the responsibilities were for a trustee where the boundary was between what you had to divulge and what you didn't have to divulge. And I've got to say it was a pretty steep learning curve. Not too long after that I was also put on one of our Māori land trusts in Papamoa a trust that our whānau have been part of for quite a long time and I got the privilege of actually sitting on that. Thankfully because I'd been appointed to the Rotorua Energy Charitable Trust I knew a little bit more about what trustees' roles were what their responsibilities were and I took that on board.I've quickly as I said got my head around it and I can only say that if this bill purports to do what it says it's going to do which is make it clearer make it easier for trustees to understand make it easier for beneficiaries to understand exactly what's going on in terms of trusts and the obligations and the information provided then it's got to be a good thing for New Zealand and for all of those people that are in one way or another part of the many trusts around New Zealand.So on behalf of the many Māori trusts around New Zealand on behalf of the many charitable trusts around New Zealand I commend this bill to the House. Kia ora.