Potaka TamaTAMA POTAKA (National—Hamilton West): Talofa and kia orana koutou katoatoa. E te tuakana Shanan e mihi ana ki a koe. Thank you for the opportunity to speak to this bill. The Minister is at the intergenerational edge of responsible investment and the purpose of the New Zealand Superannuation Fund is aspirational and pragmatic—sustainable investment delivering strong returns for all New Zealanders. Kia toitū te haumi hei hua mā ngā tāngata katoa o Aotearoa. [Let the investment be sustainable to provide for all people in New Zealand.]The purpose of the bill to allow the New Zealand Superannuation Fund to take a controlling interest in an entity matches many of the murmurings of Friday night kombucha and sushi sessions I enjoyed as a minor staffer at the Guardians of New Zealand Superannuation Fund.The National Party gives tautoko to this amendment albeit at the first reading and as my learned colleagues Willis and Woodhouse observed there is some caution associated with this support. Political pressure and the risk of lobbying from other portfolio Ministers is real over time particularly those with scale infrastructure responsibilities that have some poor yield and other return characteristics and it could become more pronounced through the proposed pathway so transparency around inter-ministerial communications is required.Raiding of the MallowPuff jar should not be encouraged—using the Superannuation Fund as merely trigger capital for pet projects or life-saver capital for failed projects. Whilst spending quality time as a seeker à la Harry Potter and the golden snitches at the Guardians of the New Zealand Superannuation Fund in the Zurich building in downtown Auckland I had the phenomenal opportunity to meet some exemplary and sometimes quirky people. It is the likes of Matt Whineray who now leads the Guardians of New Zealand Superannuation Fund that this amendment eloquently—very eloquently—speaks to.Look the risk of bailout expectations is an important concern that we've referred to and alluded to particularly on reputational grounds. From my own experience in observing the Superannuation Fund over time it is acutely aware of those responsibilities of preserving the international and the domestic reputation of the Guardians of the New Zealand Superannuation Fund across the investor landscape but I implore all members to be cautious around this and also demonstrate an ultimate curiosity for the potential that the New Zealand Superannuation Fund brings to our direct investment landscape and that as my role as a curator of deals that didn't exist was particularly a focus of mine.I'm mindful also of the legendary Minister of Finance Bill English and his ministerial directive to the guardians many years ago—when I was a young man in Tāmaki-makau-rau—to identify and consider opportunities to increase the allocation of New Zealand assets in the fund but not to be inconsistent with the duty that important fundamental duty of the guardians to invest in a prudent and commercial manner.Those parameters as articulated so brilliantly by the former Prime Minister Bill English as the Minister of Finance at the time continue to be extant in our environment today. Those New Zealand opportunities will likely expand if this type of amendment carries through to the other side and I would have thoroughly enjoyed—in my time at the Guardians of the New Zealand Superannuation Fund—the opportunity to interrogate and understand the Dunedin Hospital investment. That would have been absolutely marvellous and I could have attended Dunedin far more often running up Baldwin Street and enjoying the cooler weather of Dunedin.Madam Speaker my rumblings are exhausted here; my murmurings are over. However let's cautiously proceed so that the select committees can see the sunlight and not get caught in the verbal shadows. Tēnā tātou katoa.