Hon Dr DAVID CLARK (Minister of Commerce and Consumer Affairs): The Labour Government is committed to protecting Kiwis from high-cost loans and unaffordable debt. Last year, we got started by taking the bite out of loan sharks, and now we're making the rules clearer for all lenders, to protect Kiwis from unaffordable loans. This morning, I announced new rules that will require all lenders to make the same detailed inquiries to understand people's objectives and financial circumstances before approving a loan. The aim is to ensure borrowers are given only loans that are suitable for their needs and that consumers won't be burdened with debt that they cannot afford to repay without significant hardship.