Woods MeganHon Dr MEGAN WOODS (Labour—Wigram): Thank you Madam Chair and I join my colleague the Hon Dr Deborah Russell in seeking some clarity from the Minister on that and on whether there is any thought as to putting within the bill any definition of what excessive profits" are. But I just want to speak within this Part 2 to Subpart 3 specifically to clauses 32 39 and 40. Now my colleague talked about clause 32(2)(c) but I want to talk about clause 32(2)(a)(i) and that is the incentives that are going to be put in place for various things. One of these is to "innovate and to invest in water services including in replacement upgraded and new assets;". First of all I'd like to know from the Minister in the chair what incentives are going to be put in place for the entities in terms of the investment. I'd also like to know more what is meant in clause 32(2)(a)(i) in terms of innovation. What are we talking about here? Are we talking about technological innovation are we talking about different business models—and this relates very much to the questions that my colleague the Hon Dr Deborah Russell has just been asking in terms of introducing within the same clause the term "extract excessive profits." So are we talking about innovation in business models which leads us on to a question which we really see threaded right through many of the clauses in this bill and we want some certainty from the Minister in the chair around what protections are in place to stop the privatisation of these assets to ensure that these do stay public assets and that these are things that will continue to be owned by the people that have built them up over many many many generations. So I'd like to know how that incentive innovation—what they mean and what the Government and the Minister in the chair are envisioning through those things and maybe have some examples of the kinds of things that we could expect to see. I do have some very specific questions just on some detail going through. If we go now to clause 39 "Charge for providing copies to public" it states that "(1) A specified entity that is required by a determination made under section 35 to provide copies of statements and information to the public on request may charge for providing those copies. (2) The charge must be no more than is reasonably required to recover the costs of providing those copies." Now of course the Official Information Act (OIA) also intersects here as well and I want to know if the purpose of this clause 39 is to supersede the Official Information Act and the ability to charge for official information or the Local Government Official Information and Meetings Act (LGOIMA) as may be the case in this rather than the OIA. How does the Minister see that clause of this bill interacting with either LGOIMA or the OIA legislation and I ask whether she sees there being any difference in the operation of those. Then we go on to clause 40 under Subpart 3 in Part 2 which is the "Additional monitoring and investigation powers based on subpart 8 of Part 4 of Commerce Act 1986". If we have a look at clause 40(1)(c) there are powers given to "examine consider or investigate any activity cost revenue transfer asset valuation circumstance or event that is occurring or that has occurred during the previous 7 years:" I'd just like to know from the Minister why "7 years" was chosen. Why is seven years the significant period of time we need to have that retrospective power given in terms of those monitoring powers for the Commerce Commission? Why not five years? Why not 10 years? Why is it that "7 years" has been deemed by the Minister in drafting this legislation as the optimum period of retrospective ability to go back and have a look? Now obviously as we go through this clause by clause under Subpart 3 within Part 2 there'll be many more specific questions like that. But just to summarise for the Minister: what is meant by incentives and what is meant by innovation in clause 32(2)(a)? Then there are the business models and how that intersects with the ability with the expectation around profits that my colleague has spoken about then there is the intersection of clause 39 with the OIA and LGOIMA and then in terms of "7 years" why that number was chosen."