GREG O'CONNOR (Labour—Ōhāriu): It gives me great pleasure to stand and speak on this bill. One of the important parts of this bill is the remedial matters bill, and one of the remedial matters which will be of most interest to New Zealanders concerns the forgotten and missing money. So many institutions in New Zealand have money sitting in their accounts with no owner. They've been unable to trace the owners. Sometimes that money can sit around for 25 years before they're able to do anything about it. What this will allow is to expedite the passage of that money through to the IRD. The IRD will be able to use their systems to track down the owners; the banks get it off their books, where it is costly to administer; the owners of the money in many cases will get money that they probably had forgotten about, or perhaps the family had forgotten about. It is a win-win situation, and it's one of many measures in this bill which makes much sense and it will make many people much happier than they were before the passing of the bill. I commend it to the House.