Foreign direct investment remains important to support our recovery, and this bill also brings forward some measures to cut red tape. Cutting red tape means encouraging investment by reducing the number of low-risk transactions that are unnecessarily caught by the Act. It does this by addressing screening of purchases by majority New Zealand - owned and controlled entities; investments in land that are caught up currently but have little economic, cultural, or environmental value, perhaps because they sit next to, or an example is reserves, like a sports field—sorry, I should say that again. An example is land that sits next to a reserve like a sports field that's currently caught, and there are also a range of small transactions that don't grant meaningful control over or access to sensitive New Zealand assets that are also currently caught which we're removing from the ambit. 