Collins JudithHon JUDITH COLLINS (National—Papakura): There's a few things—I'm going to make a couple of predictions here and if I lose we all get a peppermint. So one prediction is this: this first reading will pass with overwhelming support and be sent to hopefully the Finance and Expenditure Committee. The other point will be: this will get no coverage whatsoever in the mainstream media or any other media. It will however cause problems if it's not passed. We will have a select committee process. The only people to come along and be interested in submitting on it are people who actually know about it so there will be about three people or organisations that will come along and we will nod and we will listen and we'll all learn and we'll have a great time in that committee.Hon Clare Curran: Will you do baking?Hon JUDITH COLLINS: Clare Curran says And will I do the baking?" This is not a sexist comment—no no. Ms Curran knows that I quite like to produce some nice home baking from time to time for committees.Chris Bishop: What do you bake?Hon JUDITH COLLINS: Oh well it just depends Mr Bishop on what I feel like. I've even made gluten-free for my colleague over here. So coming back to the bill which of course is far more important than my baking and gluten-free—but it woke everyone up didn't it Mr Assistant Speaker? Actually instead of a peppermint I'll do some home baking. Good idea. There's a lot of you though. Greg O'Connor: Finally some common sense.Hon JUDITH COLLINS: Amazing common sense—finally. So I thought what we would do is—this bill reminds me a bit of the anti - money-laundering legislation. I'm sorry to say it has caused a number of law firms—because of course as you know I'm a lawyer as well—to complain to me about it and I have to look embarrassed and say "I'm so sorry. I was the Minister of Justice who had to bring it through." Actually quite often it's because the European Union has decided something. We were being told then that we would not be able to have a lot of business with the European Union because of the anti - money-laundering legislation that we hadn't quite yet passed so we had to do that. It causes a lot of extra cost to everything and to everyone but we have a similar situation here where the banking system has to cope and comply now with the EU regulations. I mean imagine what it's like if you're actually part of the EU. We're not even part of it and we're having to comply with it. Of course the fact is that we do because we are just a mere little trading nation with our 4.8 million people—I mean if Statistics tells it it's probably 3.5 million—out there trying to do business with the world. So we just essentially have to do as we're told on this unless we want to say goodbye to the European Union as a trading partner. So that's why we're doing it. It's for our banks and it's for us to be able to get capital into New Zealand through that system. As we all know New Zealand is a beautiful country full of lovely people—well actually not full at all; there's hardly anybody here but we're all lovely. The issue is that we don't have enough money—we don't have enough capital—so we need to have this. This is an excellent bill and it is one that we will of course support on the National Party side. It's the sort of thing that responsible Oppositions do when it's something in the greater good for the good of the country which is—so seldom do we see a bill coming into this House these days that we can support but this one we can. So having really exhausted what there is in this bill apart from the fact that we've solved child poverty we've got world peace and the European Union will let us trade with them—fantastic Mr Assistant Speaker; great bill. I commend it to the House."