Hon KRIS FAAFOI (Minister of Commerce and Consumer Affairs): The Government has fast-tracked measures to protect people experiencing financial hardship from high-cost loans that can trap them in debt. These measures include the cap on interest and fees to a maximum equivalent to the principal of a loan, known as the "100 percent cap"; the prohibition of compound interest on high-cost loans; and the $30 limit on default fees. These measures were originally due to come into force on 1 June but were moved to 1 May in urgent legislation last week. Some may think that that's only a month, but it is obvious many Kiwi families will be going through difficult conversations and decisions about their finances right now. And, if they're looking to borrow, the Government wanted them to have the full protection of our planned regime in order to ensure safe borrowing.