DAMIEN SMITH (ACT): ACT would like to support this bill at its first reading. It's worth putting in context how important this industry is, forestry, for New Zealand. It accounts for about 1.6 percent of New Zealand's GDP, which equates to about $7 billion in September 2020. It's the third largest export product earner behind dairy and meat. There is a potential target to reach—an extra $3 billion to reach $10 billion. It contributes an annual gross income of around $5 billion and directly employs 38,000 people in production, processing, and commercialisation. It accounts for around 11 percent of the land use in New Zealand.