Bayly AndrewANDREW BAYLY (National—Hunua): Fantastic and lovely to be here this morning and nice to see the House pepper-potted with a whole lot of Ministers at this early hour of the day. It's very good contributing strongly to the economy obviously. Now I wanted to deal with this issue around clause 14 of the bill. This is the amendment around the application date for KiwiSaver members. I think you will be aware that clause 14 would allow KiwiSaver members to change their contribution rate by giving notice to their scheme provider or to IRD. Currently members can only make changes through the employer. As you're aware one of the things we want to do is we want to make sure that people have the opportunity to contribute as much as possible to their KiwiSaver over time. We've had these artificial restrictions around the different rates that they can contribute at we have the minimum of 3 percent and then we have these jumps up to 8 percent. One of the big changes that we made was to actually change the rates so that it is much more permissive in terms of 3 4 6 8 percent and up to 10 percent of gross salaries. The big issue that we were trying to address in the Finance and Expenditure Committee is this issue around how you make sure that you can change your rate easily. Hopefully in many cases that means a move upwards in terms of the rate so a higher contribution. So when people get to their retirement they've got more banked in their KiwiSaver. I think the big issue here was the issue around the process that KiwiSaver providers had to go through. At the moment it was very very restrictive because they could only do it through an employer. That meant that there were times when the employer was in a situation or their administration might not have been so good where there was still the lag time that went back to the IRD. In fact I've met many people who have been in a similar situation. I'm going to talk particularly about a lady called Georgina Burgess who actually had a system where she invested in a KiwiSaver scheme she wanted to change her rate and she had a great deal of difficulty actually trying to find out what a rate was. But the process to go through her employer was one that made it very very difficult for her to actually achieve it and it actually ended up with her changing her KiwiSaver provider. It was actually only at that point even after making inquiries of her KiwiSaver provider that she could determine the rate that she was on. I think this is a really important aspect of the bill. I think the flexibility that this brings in is a very very important part. I think in terms of future-proofing the system and the KiwiSaver provisions going forward it's a very very substantial part to this bill. So in terms of the specific requirements the change would require IRD to pass on a member's request to change their contribution rate to the employer. So if a person goes to the IRD directly then the IRD has this obligation back to the employer because of course that's where all the deductions take place at source. There is this issue around the employer needing to action it. That is a question that we need to make sure that there is adequate provision for in the IRD—that the system in place does actually mean that if someone has gone directly to the IRD that the employer does make that change. I think that's an important aspect and it'd be quite interesting to get the Minister's view on that in terms of making sure that there is certainty around those instructions being passed on. I do note the change doesn't take place until April 2022 or an earlier date but that is crucial if we are to move to this more flexible process—that in fact we have the institutional arrangement in place to make sure those people's wishes the KiwiSaver depositors' wishes are actually carried through and implemented appropriately.