I am pleased to be here today to give this second reading speech—pleased because this amendment bill supports the transition back to local leadership of the regeneration in greater Christchurch, something for which there is broad support at both central and local government levels. In 2016, when the Greater Christchurch Regeneration Act was passed, it was necessary to provide an enabling framework for the Crown to continue to have an active role in regeneration. However, it has become clear that it is time; time to accelerate the transition of regeneration responsibilities back into the hands of local leadership. The 2019 annual review of the Act, completed in September 2019, supports this notion, having identified that a tipping point had been reached and that the Act is no longer required in its current form. We know the people and the long-term institutions on the ground in Christchurch are capable of leading regeneration, and this bill will allow them to take on more of an active leadership role. 