Bennett DavidHon DAVID BENNETT (National—Hamilton East): Well I would love to see that party across the other side actually do something about what those values were. We have an issue right in front of this country at the moment where that party is not acting and that is the Westland Co-operative Dairy Company will be sold to overseas interests. Those parties in Government have the ability to do something about it now and are not acting. They need to actually get out there and do something. Where's New Zealand First at this time the party that rallied for New Zealand ownership? Selling our second-biggest dairy company overseas. Where is the Labour Party talking about trying to save New Zealanders and their assets? Selling New Zealand's second-biggest dairy company overseas. Where is the Green Party that is about to sell New Zealand's second-biggest dairy company overseas?What has happened in that case? An international buyer has come in seen a company that has got low capitalisation and offered them a much higher share value. That could easily happen to Fonterra. That could easily happen to our biggest company our co-operative Fonterra and—Michael Wood: Not without shareholder approval.Hon DAVID BENNETT: Oh it just needs shareholders' approval. There's nothing to stop it actually happening. That Government over there has always said We're going to stop these things happening." That's what New Zealand First has always argued upon. If we lose Fonterra we lose the New Zealand ownership of the manufacturing marketing and distribution of our biggest export product. That is what can happen when this Government sits idly by and lets things go as they are now. There is an opportunity there for that party and those coalition parties to do something now and they're sitting down and letting that asset go. Once we lose our dairy industry overseas it will be like the beef industry and other industries for export that have been lost overseas to overseas ownership. New Zealanders will not have the control and the operation over that and the opportunity going forward in the future. That is a big loss for New Zealand and they are putting our country at risk at this time.It's time to relook at the Dairy Industry Restructuring Act. It's time to relook at our rules and I want that Government to actually start doing something instead of all that rhetoric and then when they get in office they've got the power to do something—they do nothing. Dan Bidois: All hui no doey.Hon DAVID BENNETT: Exactly. But what have they done in the overseas investment in the last two years? Guess what the number that they've sold of New Zealand assets overseas is? It's $9.61983456 billion. It's $9 billion of assets they have sold in two years overseas—$9.6 billion New Zealand First Labour and the Greens have sold overseas. In fact it would probably be over $10 billion dollars now because that figure was a couple of weeks ago.But guess what the approval rate on forestry applications is? There's a 100 percent approval rate on all forestry applications from overseas. They have denied not one forestry application that has been made to New Zealand to purchase land for forestry from an overseas buyer. Not one has been denied. They have 100 percent. They have sold 210000 hectares of land into forestry to overseas interests. That's the equivalent of selling the whole Waipā district and Hamilton City Council put together. That whole zone of land they've sold in the mere two years that they've been here to forestry. So go have a look at a map and put it in the middle of a map and that's the region that they have sold overseas. Not one of those applications have been denied.New Zealand needs to look strategically forward and the Westland sale I believe is not in the best interests of New Zealand. We've had Ministers say that on the other side of the House. Why don't they act on it? Why don't they do something about it? It is up to the shareholders to determine in the end but the Government has the option of doing something about it. Why don't we have New Zealand cornerstone investors in there? We've got large iwi that could invest. We've got New Zealand corporates that could invest in that. Why don't we have rules that safeguard the ownership of one of our flagship industries and not sell it overseas as we know is going to happen under this Government? They have proven themselves to have gone to the public and said they were going to stop these sales and when they got into Government they have done exactly the opposite."