Strange JamieJAMIE STRANGE (Labour—Hamilton East): Thank you Madam Speaker. That was a rather unusual speech from someone who's supporting the bill but we do hear a bit of confusion over on that side of the House at times. But I do acknowledge the support from the National Party for this piece of legislation and I'm hopeful that other parties will also speak and vote in favour of this piece of legislation which the member says is insignificant but $74 million per year for businesses and consumers I would argue is significant. For the businesses I've spoken to about this—and I'll give a couple of examples—they're certainly very much looking forward to this piece of legislation coming into law in six months' time.On the weekend I was in Te Awamutu—lovely lovely spot there near Hamilton—and I purchased some fish and chips for my family for $32 and I was about to put the card through their machine payWave and I noticed on the machine that the surcharge for the payWave was 66c. I paused for a minute OK." so I actually got the chip on the card and put it into the machine and unfortunately it didn't recognise my card. So I swiped it still didn't work and so I had to do the payWave thing so I obviously paid the 66c for that. But I spoke to the owner of that small business and I told her about this piece of legislation that's coming through in terms of significantly lowering those surcharges and she was absolutely delighted. She said "Oh wow. I'm so excited about that." She wasn't aware that it was coming through and I believe that I really made her day because the reality is that it is quite challenging for particularly small businesses to absorb those fees. We have seen quite large fees when we compare to other countries over recent years. So this is a piece of legislation that I expect will be well received by our small businesses and our consumers as this passes through.I'd like to acknowledge the Minister for bringing it to the House. I note the previous speaker said this should have come through urgency because it is such a good piece of legislation. Look it is a good piece of legislation. We made the commitment to do this within the three-year period and we are sticking to our word on that.I'd like to acknowledge the select committee as the chair of the Economic Development Science and Innovation Committee. I believe the member here—we've got Melissa Lee; I believe it's just us in the House but I certainly acknowledge Melissa and the other members of this committee. We are a committee that do take our role very seriously. We look at these pieces of legislation. We have quite extensive conversations with the officials. This was a very technical piece of legislation and there was learning for all of us in terms of how those fees are worked out and there are quite a few components and there's quite a disparity in terms of different providers. So there were some complexities around it and in terms of that I'd also like to acknowledge the officials who guided us through the process in terms of that.The Minister has outlined what the bill does so I won't go into that level of detail but just to say that this is a piece of legislation that will make a significant difference for our small businesses. I'm thinking of the dairy down the end of my street. I was recently in there with my son purchasing some food and I spoke to the dairy owner about it and he said "Very much looking forward to this piece of legislation." Many of us when we've been to particularly a dairy or a very small business we've seen on the EFTPOS terminal "No credit." The reason they say "No credit" is because when you pay by credit card the owner of that store has to absorb that cost often up to 3 percent of the sale. So the reason that we are putting this through is so that people can use their credit card they can use the payWave and the fee to the business owner will be significantly smaller. It's an excellent piece of legislation. I commend it to the House."