Dean JacquiHon JACQUI DEAN (National—Waitaki): Mr Chair thank you. I too have been perusing the regulatory impact statement for this ill-considered and ill-founded bill and also noted the clauses that were brought to the committee's attention by the Hon Paul Goldsmith but I want to go over them again because they really are quite damning of this piece of work.So the first comment is around Key Limitations or Constraints on Analysis". In the development of a bill analysis and consultation with private sector and consultation with the public with industry experts and with colleagues is I would have thought a critical part of the development of any decent piece of legislation particularly one as far-reaching and important as this one. The regulatory impact analysis notes—Treasury note—that "The key limitations and constraints applying to this analysis are as follows:" and so right up at the front there Treasury are saying that there are limitations and there are constraints. So this is not a good start to any Cabinet's consideration of a significant piece of legislation that comes before them in the Cabinet room."Time constraints: Ministers have directed officials to prepare this policy within the timeframes of the 100 day plan." Fair enough—every incoming Government has its goals. "Accordingly this analysis has been prepared under tight time constraints. This has meant that there has not been any opportunity"—any opportunity—"to consult with [the] private sector organizations or [to consult with] the general public to inform the development of this policy."So in other words Treasury are saying—just as the Hon Paul Goldsmith noted—that the Government and Treasury have not had time and not had the opportunity to take New Zealand along with them on this very significant piece of legislation. No time to do it; no consultation with the public or industry experts—well how does that make for good decision-making by Cabinet?So we go on: "Range of options considered:"—really important and Treasury does this very comprehensively normally. They weigh up the options because there are always options in the development of a piece of legislation. "This analysis" they go on to say "has been constrained by the Government's commitment to implement this specific policy." So in other words the Government has identified this specific policy in their minds—housing affordability—and all the work in this bill has to lead to that goal. OK—fair enough. "As such no other housing policy measures (for example policies that would support the broader objective of increasing the supply of residential property)"—so in other words they didn't actually look at any options; they just looked straight down the line at the end and aimed their policy work in that direction. No wonder Treasury are backing away and saying "Well you know we didn't have time—not our problem." which actually is what the Government is tending to do themselves.Nor did Treasury have the opportunity to look at "wider overseas investment regime issues". They haven't been analysed and they haven't been evaluated so we're going to do the work for them. We're very happy to do that in recognition of the importance of the agricultural economy in New Zealand. So it is fortunate in a sense I guess that this exemption for forestry development has given us an opportunity—and I know that the Hon Damien O'Connor is going to thank me for this—to widen the net of exemptions so that other aspects of the economy can have those exemptions under this bill under this Act to allow for overseas investment in their particular sectors.I'm going to get very parochial here and I'm going to now address my amendment which provides for "Exemptions in respect of overseas investments in sensitive land involving apricots". Now one of the members from over the other side of the Chamber helpfully ran through all the amendments which our members have tabled and obviously having raised them and shown an interest in them we are very happy and willing to speak to them. So first of all I'd like to address the issues of apricots—[Time expired]"