Dr DUNCAN WEBB (Labour—Christchurch Central): Thank you, Madam Speaker, and it's good to hear that the Opposition will be supporting this bill, and for good reason, because as it went through committee we could see it is a bill which really does try to make it easier to make high-quality investments in New Zealand. As the Minister said, there were a number of submitters—and submitters who gave really high-quality submissions, who had taken a lot of time and thought very carefully about how to improve this overseas investment system. Whilst the concept of encouraging high-quality investment that's good for New Zealand and is consistent with our security is simple to say, it became very clear in committee that when you think about it, and when you are actually trying to implement that policy, it becomes very difficult because even the concept of exactly who is an overseas person is by no means straightforward when you've got large companies with shifting ownership. And that's certainly one thing we had to look at: there are companies listed on the New Zealand Stock Exchange whose ownership shifts on a daily and even hourly basis. So those kinds of things had to be looked at and also the assets we are protecting. 