O'Connor Greg; Xu-Nan Lawrence; Doocey MattIn CommitteeClause 1 Title CHAIRPERSON (Greg O'Connor): Members the House is in committee on the Accident Compensation (Interest on Instalment Plans) Amendment Bill. We come first to the debate on clause 1 which is the debate on the title.Dr LAWRENCE XU-NAN (Green): Thank you Mr Chair. When it comes to the title we have the title as the Accident Compensation (Interest on Instalment Plans) Amendment Bill 2024. For this one I have a tabled amendment. This particular one is really important when we are talking about the title because in fact there are two parts to this bill—the first part being the interest on instalment plans and the second part being the retrospective validation. This is going to be really important because this is where the Green Party does not support the bill because of the retrospective validation element. I think both parts need to be equally highlighted in the title so I have tabled an amendment which is amending the bill title to the Accident Compensation (Interest on Instalment Plans and Retrospective Validation) Amendment Bill 2014"—Scott Willis: 2024.Dr LAWRENCE XU-NAN: 2024 not 2014—2024. Grant McCallum: Yeah—that would be retrospective!Dr LAWRENCE XU-NAN: That would be retrospective! Thank you.This is the thing: one of the questions that we have for the Minister when we are looking at this title and when we are looking at the broader context is whether he has considered—in lieu of the fact that we didn't have a select committee—the business confidence and what business says in terms of the intent of the retrospective validation of this bill. I think this is really important because of the fact that if we were able for this to go into select committee—if we were able to hear from businesses and the businesses were like "You know what we didn't notice. We are really happy with paying for this and for you to retrospectively change it."—having that community and business confidence and hearing from those employers and businesses might actually change the position that the Green Party has on this bill.My question first of all to the Minister around the title is whether he has considered including both elements—which are equally important and address two very different aspects of this bill—in the title. In addition to that—because of the fact that we have like the previous speaker has mentioned a really really robust regulatory impact statement which says that businesses have not been considered—the second question is whether the Minister had any conversations with businesses around whether the retrospective element should be included as part of the title and indeed being a really legitimate and important element of this bill because I think that is going to be the crux of this when we are looking at the title.To the Minister the first question being whether the Minister would have considered including both equally important elements of this in the title. I genuinely encourage and really hope that the Minister takes my amendment seriously; that makes it a really clear concise—maybe not concise—and obvious name that I have tabled.The second question is whether the part around the retrospective validation which I have tabled as an amendment to the title has been discussed or even in conversations that you have had as the Minister for ACC with ACC itself or potentially the Ministry of Business Innovation and Employment around business confidence and the business feedback on the mistake that has been made because of the IT changes. So those are my two initial questions to the Minister and I thank you for this opportunity Mr Chair.Hon MATT DOOCEY (Minister for ACC): Thank you very much Mr Chair and everyone here tonight for what I think is an important bill for an important New Zealand institution. As some have mentioned—the Opposition ACC spokesperson Rachel Boyack—ACC recently celebrated 50 years and like any 50th birthday party that should be acknowledged. It's a great institution for New Zealand and I'd just like to acknowledge my predecessor the Hon Peeni Henare who was the ACC Minister before I took up this role.To just respond to that member he talked about certainty because of course—as we know in this House—business whether it be small medium or large needs certainty to make business decisions. We are talking here today about a levy for the work account—so that is employers or the self-employed. What this bill will bring today is certainty for those businesses to make sure that they can make decisions going forward."