MacLeod DavidDAVID MacLEOD (National—New Plymouth): Thank you Mr Speaker. Steal your bill? I was just thinking Dr Duncan Webb I think you might've taken it from other people before you but I'm pleased that the Hon Andrew Bayly has come along and fixed it. But anyway we can talk about that. It's on its way to the Finance and Expenditure Committee and I'm sure the very good chair of Stuart Smith and members the likes of Catherine Wedd and Nancy Lu will grab this and do some good work.Just listening to the last speaker's comments I agree: we should make sure that we look at the consumer protections aspects of it. It's very very important and I'm sure that's going to be part of the submission process that this bill seems to be heading towards. Good to see that there's good partisan support across the House. Maybe this is the beginning of a new way of doing business in this House.So what is this bill all about? I mean as far as I'm concerned it's about being fair and reasonable—fair and reasonable on both the insurers as well as the policy holders. It's about simplicity. It's about making sure that we have got that plain English that we are very clear about what needs to be declared. These are all pretty simple things to think about themselves although there are many people that are currently caught out on this particular aspect and dare I say it I think this bill's been a long time coming really. I think it's something that has been observed as needing to be fixed and I'm pleased that something's happening about it here right now.I find it amazing some of the Acts that are associated with this being an omnibus bill particularly the oldest bill in itself when you think about way back—James Meager: How old?DAVID MacLEOD: How old? 1906—is that correct? Something like that. That's a long time ago 1906. I don't think Dr Webb would've written it back then but anyway it is a very old piece of legislation and there are a number of others that will be affected or will be changed as a result of this good work.So what is the problem? The problem is that premiums—let's talk about that: the cost the cost of insurance. I'd be surprised if there's a single soul within this House that does not have some form of insurance. Many of us would have many forms of insurance. What is the purpose of insurance? It's protecting the things that are important to us. It's almost a necessity of life. It's almost like paying taxes etc. all those sorts of things and eating and other things that one must do during their life. I won't mention the others but anyway the fact is it is an important aspect of one's life and when we do manage to acquire or when we do manage to possess important things to our lives insurance is a part of that there let alone the likes of our persons and our family and the likes.So cost is really important and premiums dare I say it in recent years have gone up astronomically high if you look at the increases particularly as a result of many disasters that have happened not just here in New Zealand but around the world. We are all interrelated when it comes to reinsurance and the costs that we are exposed to. We also have the timeliness of claims to be paid out. I'm sure some of us have experienced times where we wonder what the heck is happening here with regards to claims being paid.Also the simplicity: let's talk about that making sure that not just people that are what you might say well articulated in being able to understand fine print and that—not everybody's like that. We need to make sure that it is plain English and that the fine print if there is such a thing in the new contracts going forward is easily understood and that they are well explained by the insurers to those wishing to take it out. So these are just pretty much 101 of the simplicity things that I call should be in place with regards to it.So I'm looking forward to actually seeing this at the select committee that I'm lucky enough to be involved with the Finance and Expenditure Committee and the reporting back in September. I'm hoping that we continue the bipartisan or even the partisan support that we have around the House today. So I commend this bill to the House. Thank you Mr Speaker.