Henare PeeniPEENI HENARE (Labour—Tāmaki Makaurau): Tēnā koe Mr Deputy Speaker. First of all can I confirm our support for this bill. I will not read out its title. But I would like to pick up on some of the points made from the other side of the House. One of them was by Mr Young who talked about red flags going up and having the ability to make sure that you have got the powers and the legislation on your side to make sure that you are able to stop corrupt activities.I recall living in a small town in the Far North where the town was known for peddling a little bit of drugs—some heavy some not so heavy but illegal drugs regardless. One of the members of that community used to drive around in a quarter of a million dollar Rolls-Royce Phantom. We told the police: Do you think there's something a little odd here that in the township of Moerewa with a median income of some $11000 or $12000 you've got a gentleman driving around in a Rolls-Royce Phantom?". I can tell you that that gentleman still has a Rolls-Royce Phantom but he has upgraded. He has upgraded to the new Rolls-Royce Phantom.The point of my story is this. I think this is a good piece of legislation and members across the House have spoken out about how it will close the holes in the net and it will tighten up security and increase our reputation to get us back to the standard where we once were with regard to anti-corruption. But if we cannot do it at the ground level in reality I cannot help but sit here and question why we think and consider when we read this bill that it is going to solve all the problems and close all the holes in the net.One of the points I want to raise is the staggered approach to enacting this particular bill and putting compliance times upon different sectors that this bill is widening the scope to capture. I cannot help but wonder why the lawyers and conveyancers would be bound by the provisions by 1 July 2018 and accountants would be bound by the provisions by 1 October 2018. That is a long way off. I do not think that those particular professions are suffering from any shortage of money to allow them to build their capacity to make sure that they are able to be compliant under this legislation. Sure I can understand some of these small places—and it was mentioned about the Racing Board in some small little place. Let us just take the Ruakākā raceway for example. I would be surprised if they had the internet—I am not too sure. But sure I can see that they would want to be able to build their capacity and network together to make sure that they are able to become compliant. But I wonder why it would take so long for the lawyers and conveyancers to be up and running by 1 July 2018. That is over a year away—over a year away—and we are allowing them this time? Sure there must be some sort of a reason but I have not heard that from the House tonight. I did not hear from the Minister with any great detail. All I heard was that there is this staggered approach to make sure that when we widen the scope of this particular bill these occupations will be able to have time to become compliant.Look I am no expert when it comes to laundering money. If I was I probably would not be working here. [Interruption] Mind you I could have a Rolls-Royce Phantom living in Moerewa—quarter of a million dollars. It would be bloody fantastic. But look the point is we support the notion that we will once again be put back up on a pedestal as the country that makes sure that we do things fairly and we do things right. You cannot come to this country and hide your money launder your money through our different institutions here in this country. I think it is important that we (1) fix the legislation and (2) just as importantly make sure that we have the forensic and technical abilities to find where these people are hiding their money through what I would consider—and I am sure most of New Zealand would consider—reputable occupations. You do not go to a lawyer and think straight away that they are going to be laundering money. You might suspect it but that is not the general thinking by the New Zealand public. So I wonder about the forensic abilities for us to police whether or not we are actually closing the net or whether or not there are still a few sprats as Mr Young spoke about slipping away through the net.But I will not go on much longer other than to say we do support this bill. Just for the purposes of this House I will read the title of the bill and that bill is the Anti-Money Laundering and Countering Financing of Terrorism Amendment Bill. We support it. Thank you."