VoteA party vote was called for on the question That the question be now put.Ayes 63New Zealand National 59; Māori Party 2; ACT New Zealand 1; United Future 1.Noes 58New Zealand Labour 32; Green Party 14; New Zealand First 12.Motion agreed to.The question was put that the amendments set out on Supplementary Order Paper 282 in the name of the Hon Dr Nick Smith to Part 1 be agreed to.A party vote was called for on the question That the amendments be agreed to.Ayes 61New Zealand National 59; Māori Party 2.Noes 60New Zealand Labour 32; Green Party 14; New Zealand First 12; ACT New Zealand 1; United Future 1.Amendments agreed to.The question was put that the amendments set out on Supplementary Order Paper 283 in the name of Eugenie Sage to Part 1 be agreed to. A party vote was called for on the question That the amendments be agreed to.Ayes 58New Zealand Labour 32; Green Party 14; New Zealand First 12.Noes 62New Zealand National 59; Māori Party 2; ACT New Zealand 1.Amendments not agreed to.The question was put that the amendments set out on Supplementary Order Paper 266 in the name of David Seymour to Part 1 be agreed to.A party vote was called for on the question That the amendments be agreed to.Ayes 2ACT New Zealand 1; United Future 1.Noes 119New Zealand National 59; New Zealand Labour 32; Green Party 14; New Zealand First 12; Māori Party 2.Amendments not agreed to.The question was put that the amendments set out on Supplementary Order Paper 286 in the name of David Seymour to clause 5 and to insert new clause 5A be agreed to.A party vote was called for on the question That the amendments be agreed to.Ayes 1ACT New Zealand 1.Noes 120New Zealand National 59; New Zealand Labour 32; Green Party 14; New Zealand First 12; Māori Party 2; United Future 1.Amendments not agreed to.The result was corrected by the inclusion of United Future's vote.The question was put that the following amendment in the name of the Hon David Parker be agreed to: insert after clause 21A the following new clause:21ABNew sections 42AB to 42AGAfter section 42A insert:Infrastructure bonds42ABPurpose of infrastructure bondsThe purpose of the infrastructure bonds in this Act is to enable territorial authorities to recover through bonds repaid with targeted rates from those persons benefiting from infrastructure development a fair equitable and proportionate portion of the total cost of capital expenditure necessary to build that infrastructure.42ACInfrastructure bond principlesAll persons exercising duties and functions under sections 42AB to 42AG must take into account the following principles when preparing a funding and financial policy that includes infrastructure bonds or creating infrastructure bonds:infrastructure bonds should only be used to finance infrastructure when the territorial authority will provide or has provided new or additional assets or assets of increased capacity; andinfrastructure bonds and targeted rates to recoup their cost should be determined in a manner that is generally consistent with the capacity life of the assets for which they are intended to be used and in a way that avoids over-recovery of costs allocated to infrastructure bonds; andcost allocations used to determine targeted rates to recoup the costs of infrastructure bonds should be determined according to and be proportional to the persons who will benefit from the assets to be provided (including the community as a whole) as well as those who create the need for those assets; andinfrastructure bonds must be used—for or towards the purpose of the activity or the group of activities for which the bonds were issued; andfor the benefit of the district or the part of the district for which targeted rates will be required:territorial authorities should make sufficient information available to demonstrate what infrastructure bonds are being used for and why they are being used:infrastructure bonds and targeted rates required should be predictable and be consistent with the methodology and schedules of the territorial authority's funding and financial policies under section 102:when issuing infrastructure bonds and calculating targeted rates territorial authorities may group together multiple infrastructure projects provided that—the grouping is done in a manner that balances practical and administrative efficiencies with considerations of fairness and equitygrouping avoids grouping across an entire district for all infrastructure:when issuing infrastructure bonds the territorial must ensure that the targeted rates that would be required would not import an unreasonable burden on ratepayers and can be repaid within a reasonable period of time.42ADInterpretationIn this Act unless the context otherwise requires—infrastructure bond means a bond issued by a territorial authority to finance a specific infrastructure project which will be repaid by targeted rates.42AEPower to issue infrastructure bond and require targeted ratesA territorial authority may issue an infrastructure bond and require targeted rates to repay that bond when—a resource consent is granted under Part 6 for a development within its district:a building consent is granted under the Building Act 2004 for building work situated in its district (whether by the territorial authority or a building consent authority):an authorisation for a service connection is granted.A territorial authority may only issue an infrastructure bond or requiring targeted rates to be paid as provided for in a policy adopted under section 102(1) of the Local Government Act 2002.For the avoidance of doubt the issuing of an infrastructure bond or requiring targeted rates to be paid under subsection (1)(a) or (1)(b) as is also the case for development contributions is not—a condition of a resource consent that gives rise to any right of objection or appeal; oras the case may be a matter that gives rise to any right to apply to the chief executive for a determination under the Building Act 2004.In this section—building consent authority means a person whose name is entered in the register referred to in section 273(1)(a) of the Building Act 2004chief executive has the meaning given to it in section 7 of the Building Act 2004.42AFBasis on which targeted rates for infrastructure bonds may be requiredTargeted rates may be required in relation to infrastructure bonds if the effect of the development is to require new or additional assets or assets of increased capacity and as a consequence the territorial authority incurs capital expenditure to provide appropriately for—reserves:network infrastructure:community infrastructure:This section does not prevent a territorial authority from requiring targeted rates that are used to pay in full or in part infrastructure bonds issued for capital expenditure incurred by the territorial authority in anticipation of development.In subsection (1) effect includes the cumulative effects that a development may have in combination with other developments.42AGLimitations applying to requirement for development contributionA territorial authority must not issue an infrastructure bond for a reserve network infrastructure or community infrastructure if and to the extent that—it has under section 108(2)(a) imposed a condition on a resource consent in relation to the same development for the same purpose; orthe developer will fund or otherwise provide for the same reserve network infrastructure or community infrastructure; orthe territorial authority has already required a development contribution or infrastructure bond for the same purpose in respect of the same building work whether on the granting of a building consent or a certificate of acceptance; ora third party has funded or provided or undertaken to fund or provide the same reserve network infrastructure or community infrastructure.This subpart does not prevent a territorial authority from accepting from a person with that person's agreement additional contributions for reserves network infrastructures or community infrastructures.This section does not prevent a territorial authority from issuing an infrastructure bond if—income is being used or will be used to meet a proportion of the capital costs of the community facilities for which the development contribution will be used from the following:(i)rates; or(ii)fees and charges; or(iii)interest and dividends from investments; or(iv)borrowings; or(v)proceeds from asset sales; ora person required to pay targeted rates is also a ratepayer in the territorial authority's district or has paid or will pay fees or charges in respect of the facilities.Despite subsection (1)(c) a territorial authority may issue an infrastructure bond for the same purpose if the further bond is required to reflect an increase in the scale or intensity of the development since the original bond was issued.A party vote was called for on the question That the amendment be agreed to.Ayes 59New Zealand Labour 32; Green Party 14; New Zealand First 12; ACT New Zealand 1.Noes 62New Zealand National 59; Māori Party 2; United Future 1.Amendment not agreed to.The result was corrected by the inclusion of United Future's vote.The question was put that the amendments set out on Supplementary Order Paper 277 in the name of Eugenie Sage to clauses 26 and 105 be agreed to.A party vote was called for on the question That the amendments be agreed to.Ayes 58New Zealand Labour 32; Green Party 14; New Zealand First 12.Noes 63New Zealand National 59; Māori Party 2; ACT New Zealand 1; United Future 1.Amendments not agreed to.The result was corrected by the inclusion of United Future's vote.The question was put that the amendments set out on Supplementary Order Paper 281 in the name of Marama Fox to clauses 26 and 105 be agreed to.A party vote was called for on the question That the amendments be agreed to.Ayes 119New Zealand National 59; New Zealand Labour 32; Green Party 14; New Zealand First 12; Māori Party 2.Noes 2ACT New Zealand 1; United Future 1.Amendments agreed to.