STUART SMITH (National—Kaikōura): Thank you, Mr Speaker. It is a pleasure to speak on this Natural Hazards Insurance Bill. As my colleague Gerry Brownlee said yesterday, the National Party actually welcomes this bill. I too have had quite a bit to do with the earthquakes and the Earthquake Commission (EQC) over the years, and I think the one thing that we can all agree on is that EQC didn't do a stellar job. There were a whole lot of issues that occurred during, certainly after, the Christchurch earthquake series. There was a lot of change that occurred between then and the Kaikōura earthquake, and it worked very well, but it was a much smaller event. I'll put it to the House that, actually, the next time there's a really large one, we will end up with similar issues, because there will be gaps and these things don't get tested until there is a really big event. Each event has its own characteristics and it causes damage to a community in different ways. This bill is going to go a long way to fix all the gaps that we're aware of, but I'm certain that we will be back, or the House will be—it might not happen for 50 years, or longer, who knows, but it could happen tomorrow. So getting this done is a really good step forward. We support that.