These reforms represent a significant risk to training and apprenticeships here in New Zealand. The Tertiary Education Commission programme business case says that this bill will lead to 18,000 fewer trainees across New Zealand over the medium term, and 2,300 fewer apprenticeships. When the Minister says that this bill is putting trades and apprenticeships back on the map, he could not be further from the truth. This bill does exactly the opposite. Also, the additional cost of these reforms—a cost of $200 million to $400 million over six years to bring these reforms into place, and an additional cost of $50 million per year just to make the system work.