Hon KRIS FAAFOI: The Government is limiting rent increases to once every 12 months and is also banning the solicitation of rental bids by landlords. We're doing this because we think renters should be able to have some certainty over costs in a 12-month period. This is a balanced approach, because we also recognise that landlords have to be able to manage their assets appropriately. Again, we've seen some unfortunate commentary that this policy should go on some kind of regulatory bonfire. This is unfortunate, because more and more New Zealanders are renting in retirement, and we should give them a sense of security and predictability with their costs. These people are often on fixed incomes, and the unpredictability of rent rises that others seem to be advocating for will only lead to their financial insecurity. 