ANNA LORCK (Labour—Tukituki): I rise to speak as the final member on the second reading of the Reserve Bank of New Zealand Bill that has been supported to the second reading by a majority of the Finance and Expenditure Committee. In introducing this bill, I'd like to say that the Reserve Bank of New Zealand Act 1989 has not been comprehensively reviewed in over 30 years. Over that time, the Reserve Bank has changed substantially, and we have new expectations for regulation and monetary policy-making. The financial system and economic context have changed significantly, and the local and international best practice has evolved. The review of the Reserve Bank of New Zealand Act is an opportunity to update and modernise the Reserve Bank's institutional arrangements.