Rurawhe AdrianLAWRENCE YULE (National—Tukituki): It's my pleasure to take a relatively short call on this because I think our side of the debate has been well articulated by previous speakers including the Hon Paul Goldsmith. It's very easy to sit in this House and pass laws about things that New Zealanders will be concerned about but it's also very easy to have massive overreach. Our reason for opposing this bill largely is because of the overreach. I don't believe anybody in this House or any New Zealanders would actually want large strategic assets to be sold at discounted prices to foreign owners post-COVID.Mark Patterson: Silver Fern Farms—waved it through; didn't care.LAWRENCE YULE: Since COVID I'm talking about Mr Patterson. So we accept that—we accept that. However this law allows any investment to be screened—any investment. So as Mr Goldsmith just said a small business in Hastings—and I've seen lots of them in the last couple of weeks really struggling some of them shut. If they had a distant relative somewhere in another part of the world who wanted to put $5000 into a $20000 company they're not allowed to—well they're allowed to but they've got to go through a process. This is all about scale. If we're talking about $10 billion $1 million or $50 million I can understand the rationale but we have taken this to the extreme. As part of that we are going to expose all those small businesses that may need a little bit of help to a whole lot of compliance costs—regulations getting lawyers involved accountants going through a process. Yes some of the red tape has been taken out but it is actually a disincentive for investment. I want members of this House to consider the environment of that small business. They have very few customers their family's working in it and they can't get any more working capital. Their lifeline might be this. If you shut off this lifeline what effectively happens? The business goes broke. The assets are sold in a distressed way—to a New Zealander probably because no foreigners can do it. The value to that whole family diminishes and they are paralysed by that—an awful situation.So what this bill does is it says that in real time we're going to let New Zealand businesses crumble and fail New Zealand businesses and families lose equity because a relative in another part of the world can't tip a bit of money in in a compassionate way to help them through this crisis. We think on this side of the House that the goal at the upper level and the significance is important but at the scale that this is being done it's not helpful at all. Equally I come back to what Mr McKelvie says: there is leakage in these processes. I don't care how good they are. You are sharing information with a whole lot of people—private information about small businesses and companies—through a Government department through a whole series of people. The risk of intellectual property leakage and things like that is significant. On balance our side of the House doesn't believe that risk is worth it nor the benefits are worth it and it's a major intrusion on the ability of small businesses to get a little bit of working capital.ASSISTANT SPEAKER (Adrian Rurawhe): This is a split call. I call David Seymour—five minutes.