The Ministry of Social Development showed that there were 774,651 people receiving super in March 2019. By 2060 the numbers are projected to be closer to 1.838 million. And by that stage, people over the current pension age will be 28.2 percent of the population, compared with 15.4 percent in 2018, which is a massive jump. In 1996, New Zealand spent $5 billion on New Zealand super, which has grown to $10 billion in 2021. And if you take a 2059 to 2060 view, it is a hundreds of billions of dollars issue. Superannuation currently costs an amount equal to 5 percent of GDP. At the ACT Party we believe any change to the law must be equitable for all, and its core must not provide uncertainty for retirement planning or reduce vulnerability, and it should not affect equity. The bill must contribute to the sustainability of super in New Zealand, which we believe it does.