Hon SCOTT SIMPSON (National—Coromandel): Well, thank you, Mr Speaker. This is a relatively small, but quite important piece of legislation. It seeks to clarify some inadequacies in the existing principal legislation, particularly that were highlighted in the High Court decision of Bennett v Ebert Construction Ltd (In rec & liq). In that case, the High Court noted that the Construction Contracts Act had some policy gaps and that the trust requirements and the wording of the trust requirements were imprecise. 