Hon MICHAEL WOOD (Minister of Transport): I want to start my comments by saying something that you don't hear very often, which is that I quite enjoyed Paul Goldsmith's speech three or four speakers ago. It was the sheer mental flexibility shown by the man, which I imagine was a skill he had to learn when he wrote a hagiography about John Banks. What I particularly enjoyed about his speech was the fact that he opened up by extolling the benefits and the economic policies of living in Australia, and then he finished his speech with a rant from his dark little free-market cave in Epsom about tax rates and fair pay agreements, forgetting about the fact, very conveniently, that of course Australia has a higher marginal tax rate than we do here in New Zealand and for the best part of 40 years has had sector-based bargaining like fair pay agreements in place, which of course is one of the ways in which they have retained better wages and conditions for many of the working people of that country. 