Stephenson ToddTODD STEPHENSON (ACT): Thank you. ACT will be supporting this bill and the hypocrisy from the other side this morning is staggering—staggering.Hon Grant Robertson: Point of order Madam Chair. I recognise that the member is a relatively new member but the use of that term is one that's been ruled out by many many presiding officers and I'd ask that he be asked to withdraw it. ASSISTANT SPEAKER (Maureen Pugh): I agree with the point of order. The member will withdraw—TODD STEPHENSON: I withdraw. ASSISTANT SPEAKER (Maureen Pugh): —and apologise.TODD STEPHENSON: And apologise to the House. The bill that we're repealing was done without proper public policy consultation. The then Minister announced that it would be widely consulted on and it wasn't. It didn't even follow the IRD's own principles for developing policy. The generic tax policy process was not followed. If the former Government had taken the time to actually widely consult on this bill maybe there would have been some tax principles that could have been agreed and reported on. It was—Chlöe Swarbrick: You don't know what you're talking about.TODD STEPHENSON: No I do. It was not done in an appropriate way. It was not done with a full and long select committee process and the submitters overwhelmingly did not support it. You had accounting societies the Law Society all saying that it was not a bill that they would support. If the former Government had actually taken the time we could have potentially agreed on some principles—[Interruption] ASSISTANT SPEAKER (Maureen Pugh): Order! I know everyone is tired and this is the end of the year but there are people in in the community who would like to hear this debate with a little less background noise. Thank you.TODD STEPHENSON: Thank you Madam Speaker. As I said if the time had been taken perhaps a set of principles—ACT is very interested in tax as I'm sure everyone would know. If time had been taken perhaps this could have been a useful piece of legislation. But it wasn't. [Interruption] It wasn't and we are not going to support it and we want it repealed immediately so that something that wasn't properly consulted on and didn't have the support of the majority of submitters—[Interruption] What we should be looking at is actually having tax principles—actually Dr Russell made some very good points about trying to have some consistency around tax principles—Chlöe Swarbrick: So which one do you disagree with?Hon Members: Take a full call.Hon Member: Great speech Todd.TODD STEPHENSON: Yeah thank you. [Interruption] I know. I'm just letting them get it out.ASSISTANT SPEAKER (Maureen Pugh): It's your call.TODD STEPHENSON: Thank you. I appreciate that Madam Speaker. Look as I've said we do support this bill amending this Act that we think was ill conceived inappropriately consulted on and did not have widespread support. So I commend this bill to the House.CHLÖE SWARBRICK (Green—Auckland Central): Point of order Madam Speaker. I seek leave of the House to table the Finance and Expenditure Committee's report on the Taxation Principles Reporting Bill. ASSISTANT SPEAKER (Maureen Pugh): Is that available?CHLÖE SWARBRICK: It is but it appears the members of the Government have not read it. ASSISTANT SPEAKER (Maureen Pugh): That's not the use of the leave system. Thank you.