ANDREW BAYLY (National—Port Waikato): Thank you, Madam Speaker. It's a pleasure to be talking on this Reserve Bank of New Zealand Bill 2020. With an institution like the Reserve Bank—which, as the Minister of Finance just identified, plays a crucial part in managing monetary policy in New Zealand—I think it's particularly important that decisions to change the institutional arrangements, or, in fact, even the remit around the Reserve Bank, should go through a process of consultation with all parties to this House. I think it's very disappointing that this is the second in two pieces of legislation—and, as the Minister said, we're about to get a third, in due course—which contain changes that have not been agreed by the Opposition. Just to put on record, we will be opposing these changes. 