The economics of the forestry sector have since changed. The sector has become a much more attractive prospect to investors. This is resulting in increasing conversion of land into forestry, some of which is coming from overseas investors. New Zealanders are concerned that forestry is not always being planted in the right places for the right reasons. We've heard these concerns. This bill will ensure overseas investment continues to benefit New Zealand. Forestry will always be a very important sector to our economy. It will make a vital contribution to our climate change goals. The Government recognises that high-quality foreign investment is important, and continues to welcome this. But we need to get the balance right. This bill and a suite of related Government policy work under way—such as changes to the emissions trading scheme—will ensure we do. The bill does this by requiring forestry investments to demonstrate what benefits they will bring to New Zealand, such as environmental and economic benefits. This will help ensure any investment supports our rural communities to thrive and that our overseas investment is productive and sustainable. This Government is confident these changes will not be barriers to productive and sustainable investment to our forestry sector. 