Cunliffe David; Mallard TrevorHon DAVID CUNLIFFE (Labour—New Lynn): The member Paul Foster-Bell is capable of arguments that are so much better than the ones he has manufactured. Let us just touch on a couple of them. That this bill would divert attention from other measures to solve the housing crisis—that has got to be the dumbest argument this House has ever heard. It is precisely to focus attention on one of the drivers of the housing crisis which is unrestrained gushes of foreign cash driving up people's house and farm prices to the benefit of no one other than the banks and some of that member's rich mates. He argued that the bill would add cost and delays. Surely that is an exaggeration and a trifle when we are faced with the situation of thousands and thousands of hectares of New Zealand land leaving New Zealand ownership and control.The truth is that National does not know and does not want to know and that has nothing to do with the closer economic partnership with Australia precisely because Australia already has this kind of register or a similar register. The Australians already have a policy that says that foreigners can build houses in Australia and can move to Australia to live in the house that they have bought but they cannot buy something and remain a non-occupying foreign resident. If Australia can do it—and we have a closer economic partnership with it—surely we can do it.Then there is the argument that this legislation is just xenophobia. No it is anything but xenophobia. It is to have a fact-based discussion and fact-based policy based on real and actual data about how much of our land in which places is actually under foreign-owner control. Only then can we have a rational discussion as New Zealanders about the future of our country.This is the first opportunity I have had to speak since Mr Key announced his resignation. Can I just acknowledge the Prime Minister as one who has had the huge privilege of leading a party against him in a general election. He was obviously no mean opponent. He is a tremendously skilful leader who has a massive machine in support. Labour should not and will not take National for granted but by God we are back in the game. I do want to take the moment to acknowledge the contribution that Mr Key has made to New Zealand and to this Parliament over the decade of his leadership.But his legacy will not I think be so much about what he did do—he certainly remained popular; he certainly built political capital—it will be a legacy of what he did not do. He did not address the looming crisis in superannuation. He did not address the problems of climate change. He did not—I am coming back to the bill Mr Assistant Speaker—address the issue of our most important problem the one that is dividing our nation which is the housing crisis. It is not an issue just for those who are renting rather than owning and who are slipping further and further behind in the Kiwi Dream. It is also an issue for those who do own and who are making decisions in their lives based on what they think their wealth is even though it is created by a bubble that is partly fuelled by unrestrained migration and otherwise-driven foreign investment.That is not to say that we do not want foreign investment—we want good foreign investment. We want migration that suits New Zealand's interests. We want to have a diverse humane tolerant and creative society. But what we do not want is to make bad decisions because we lack real information about the extent of foreign ownership of our land and our resources.Iwi have known for many years that it is the whenua that generates life and that when you lose the whenua you lose your very being. We are a small country and we must have knowledge of and we must have regard for who owns what. Today faced with a Government that steadfastly refuses to address—The ASSISTANT SPEAKER (Hon Trevor Mallard): Order! The member's time has expired.