Prime Willow-JeanWILLOW-JEAN PRIME (Labour): Thank you Mr Chair. I want to just start my contribution by referring to some points made by Amy Adams the honourable member two speakers prior where she talked about the economy and the Government books that we inherited and said that we are somehow benefiting from that rock star economy and the healthy books that were left to us by the National Party and the previous Government. However what she failed to mention and what we also inherited was a huge under-investment in infrastructure in our roads in our schools and in our hospitals. That wasn't a healthy inheritance that we inherited on this side of the House. So you will see in the financial statements that we have been rebuilding essential public services like our transport infrastructure schools and hospitals while also growing the economy and through providing—[Interruption]—wait for it—record investment in our regions through the Provincial Growth Fund. We have been able to do all of that in terms of the economy as well as also demonstrating a new kind of leadership—one with empathy one with compassion one that's focusing on the well-being of our people—and I am proud to sit on the Finance and Expenditure Committee and receive the reports on how well we are managing that very challenging job. Now I want to go to the reviews of a couple of organisations in particular where I sat in on the hearings with the first being the Guardians of New Zealand Superannuation. I really enjoyed their review and their presentation and one area I wanted to mention particularly in this committee because it is a new initiative. It is a new achievement by the guardians and that was the signing of the memorandum of understanding (MOU) with Te Puia Tāpapa fund. It is a new way for iwi and Māori organisations to work collectively and efficiently to invest together. The significant achievement that they've made at this stage is the signing of a memorandum of understanding. No investments had been made at the time that they presented to us but they did note that just getting to the point of an MOU was a significant achievement. It had taken years to get there to achieve this type of working collectively across iwi organisations Māori organisations and some organisations for example like the Māori Trustee. So far $115 million has been committed and I look forward to future reviews to see how that is progressing. If I can go to the second review—that's for the Inland Revenue Department—in particular the area that I was quite interested in hearing about—because there is a bit of nervousness when you are undertaking such a huge transformation project—was the Business Transformation project. It is a huge project. It is a multi-year programme and it's over $1.3 billion being spent to upgrade technology and improve IRD policy and processes. It was really pleasing to hear from the IRD that it is on track to meet its 2021 deadline for completion. They also said that they have been reviewing steps that they have been taking and other past experiences along the way and adjusting their decisions and making more sensible decisions and phasing in this project—learning lessons from past experiences. Finally with the last 30 seconds that I have available to me I just wanted to mention the review of the Reserve Bank of New Zealand. I don't agree with the comments made by the honourable member on the other side of the House in terms of its independence and impartiality. I was particularly interested in our line of questioning that we had around diversity. Female employees make up 36 percent of the Reserve Bank—and I see the member over there throwing his head back: Here we go again trying to get some gender equity in the financial sector." So 36 percent of the Reserve Bank are made up of females which is typical of that sector but they are making moves within the organisation to increase that as well as ethnic diversity—so I mihi to them."