Webb DuncanHon Dr DUNCAN WEBB (Minister of Commerce and Consumer Affairs): Tēnā koe Mr Speaker. It was great to hear the member speaking about the great work that we did on Healthy Homes. It was a great collaboration between the Greens and the Labour Party to make homes warmer and drier for all New Zealanders. It addresses those big long-term challenges and certainly in my role as the Minister of Commerce and Consumer Affairs I absolutely am focused on some of those big challenges because it is so easy if you listen to the Opposition to go for those quick wins. In the commerce sector in particular I want to have a reflection on the work that we've done. We when came into office nothing of any substance had been done in the area of competition law for nine long years. This Government has looked at what really matters every time someone goes to the shop to buy their groceries fills up their tank does some DIY gets some insurance or pretty much anything they touch in the area of competition. We need a competition law framework that is fair for all New Zealanders—fair markets for all not for the few but for everyone and that's what we've been working for. We want markets that are productive effective but in particular markets where profit does not illegitimately accumulate in the hands of the few. The reforms that we did early on to make it possible to probe into markets that weren't working were really really important because sometimes you look and think something doesn't seem right but you haven't got the ability to really delve into it. Well the amendments in 2019 to the Commerce Act enabled the Commerce Commission to be directed to do a deep-dive and really find out places where things were going wrong. And every time we've looked every time we've shone the light we've seen problems there. So that's what we are about—about looking for the biggest gain for those that need it the most and that's what a competitive market is. It's one where prices are fair and where there is innovation—markets that are effective efficient and productive not markets that are fat and lazy and monopolistic and that's the markets that the other side were sitting on for nine years watching their mates get rich while everyday New Zealanders were paying too much at the supermarket paying too much for their fuel and while all kinds of other things were going wrong. So we are focused on making sure that markets work for everyone and we've looked at that. We've dived into the detail as well looking at when market power is being abused and for a long time those rules were pretty much a farce. It was almost impossible to hold anyone to account. So we changed the market power test to be an effects-based test so that the onus is really thrown on the person exercising market power to show that they weren't acting anti-competitively. What's more to reflect how important those rules are we've upped the penalties that can be imposed so that if you can't determine quite how much money they'd made on their market breaches you can impose a penalty of 10 percent of their turnover. Now if you're one of the big supermarkets or one of the big banks 10 percent of turnover is hundreds of millions of dollars and that is how important this is because that's the kind of wealth that is being illegitimately extracted from ordinary consumers who the other side of the House don't care about. But that is who we want to put first—mum and dad going to the supermarket filling up their car doing a bit of DIY and just trying to make ends meet. Rather than money going out of their pockets into the pockets of banks insurers and big fuel companies we want to see it stay where it belongs.Those market studies have real and immediate effects. We've seen—Andrew Bayly: They haven't had any effect yet.Hon Dr DUNCAN WEBB: Thank you Mr Bayly for your support of the grocery legislation. Thank you for your support for the removal of land covenants. Thank you for your support for the appointment of a Grocery Commissioner because it's with your support that The Warehouse is entering the grocery market Costco is entering the grocery market Circle K is entering the grocery market and Supie is entering the grocery market—and here comes my favourite capitalist Damien Smith heckling from the floor of the House in breach of the Standing Orders! This Government is committed to making gains that count for real New Zealanders for families in New Zealand and we'll continue doing it now and for ever.