Hon GRANT ROBERTSON (Minister of Finance): Mr Speaker, kia orana. On Thursday, Xero released small-business employment and revenue data for June, showing many Kiwi small businesses are recovering from the impacts of COVID-19. The data showed that compared to Australia and the United Kingdom, New Zealand has seen the strongest early rebuilding phase so far, despite having the largest drop in small-business revenue when lockdowns were introduced. June 2020 small-business revenue is on par with revenue in June 2019, recovering from significant drops in May and April. In Australia, revenue remains down 8 percent on June last year, and in the UK, it's down 18 percent. At the end of June, the New Zealand small-business sector had 3.6 percent fewer jobs than pre-crisis levels. This compares to 6.8 percent fewer jobs in the Australian small-business sector and 8.5 percent in the UK. While we know that many small businesses are doing it tough right now, this data underscores the benefit of the less restrictive business environment that Kiwi small and medium sized enterprises are now operating in, thanks to the hard work of the team of 5 million. 