Hon PAUL GOLDSMITH (National): Thank you, Mr Chair, and I want to talk about two things in relation to this part. One is the question of broken promises, and the second is the consequences. That Minister, David Parker, who was just standing up of course is on the record wanting a capital gains tax. He's always advocated for it and wanted it and thought it was the best thing for New Zealand. He was part of a party that lost two election campaigns on it. During the previous election campaign, his successor, Grant Robertson, promised black and blue there would be no further tax changes beyond the increase in income tax for people earning over $180,000 and some potential petrol tax increases. So what do we find here? We find here in this piece of legislation a significant extension of the brightline test. Yes, National introduced the brightline test for two years to deal with the specific issue of people flicking properties and wanting to clarify the law in that relation. This extension to 10 years is unquestionably a significant tax change, and an expansion into a capital gains tax, in effect. Then we have, also, a separate significant change in not allowing the deduction of interest payments for rental properties. 