Bayly AndrewANDREW BAYLY (National—Hunua): Thank you Madam Speaker. Hey it's an absolute pleasure to be talking on this legislation. It's such wide-ranging legislation with so many different things to talk about as I'm sure you know and have read very carefully Madam Speaker. I know I've got very good colleagues tonight so I'm not going to hog it. I'm just going to pick up on a couple of matters I thought relevant. The first one was around retirement villages. I think all of us have retirement villages in our electorate. I've got many—many—particularly in Pukekohe and of course we've got a new one that's going to be built in Beachlands very shortly. But I think one of the things that we're really worried about in retirement villages is that the advertisements that they put forward and what they claim they're going to offer their residents—it is very important that they are correct and not misleading. And the important thing that actually came out of the select committee process was that some changes were made to make sure that the incentive for—if I can use that word—retirement owners to do the right thing and to be correct and accurate have been refined and enhanced in this bill. I think the speaker just before mentioned some of the penalties. But I just note it is vitally important that we protect our older people who wish to go into these facilities and that they have the rights that they are entitled to as anyone else should.The other one I thought was particularly relevant in this wide-ranging smorgasbord of changes is the changes to the Insolvency Act 2006 and again these are very very significant. Our insolvency laws need to be refined and updated. I'm hoping that in time the Government will deal with this issue because there are a lot of things to be done in this area but this bill certainly covers off some of those.Specifically I just thought I might talk about four or five of them. The first one is requiring a bankrupt person to obtain consent to work with a relative regardless of whether they're rewarded for that work or not. This is important because what we find is bankrupt people sometimes take control of companies indirectly and control them and manage them through the levers of relatives or other such people. So having visibility around that's very important.It also clarifies the value of necessary tools of trade and household furniture a bankrupt may retain. At the moment that is an issue for the official signees' prerogative and I think it's an important one to have some clarity around.The third one is concerning a creditor who files a claim after a distribution has been made. So the example is a company that has gone into liquidation: the liquidators have made the first payment but then a creditor is made aware of that situation. He or she can then make a claim; they cannot disturb the previous disbursement that's already been made by the liquidator but they can be entitled to subsequent claims.The last one—and I hope I don't have to have this opportunity although I might be around to remember it—provides a mechanism for a bankrupt who dies before submitting a statement of affairs to be automatically discharged from bankruptcy three years after death. I'm hoping that none of these members in this House get to that situation but even if you do you won't know what's happening. Thank you very much.