DAMIEN SMITH (ACT): I rise on behalf of the ACT Party to congratulate Emirates Team New Zealand. The 36th America's Cup was contested on our beautiful harbour in the Hauraki Gulf and viewed by global TV audiences in lockdown. Congratulations must go to the Italians and Jimmy Spithill on a great duel and an outstanding effort. Despite the result, 7:3, this could have gone either way. As of today, Team UK are confirmed as challenger of record and the intrigue now deepens. Sir Ben Ainslie's syndicate, backed by the British billionaire Jim Ratcliffe, will replace the Italian outfit, Luna Rossa, for the next cycle of the cup.