Friendly Societies and Credit Unions (Regulatory Improvements) Amendment Bill – Second Reading – V..

everyone agreed with you all of the time but I everyone agreed with you all of the time but I time but I also commend you for working time but I also commend you for working with time but I also commend you for working with some very time but I also commend you for working with some very working with some very difficult members, not least working with some very difficult members, not least working with some very difficult members, not least myself, members, not least myself, in getting members, not least myself, in getting members, not least myself, in getting this through Thank members, not least myself, in getting this through

Thank members, not least myself, in getting this through Thank you members, not least myself, in getting this through Thank you members, not least myself, in getting this through

Thank you I getting this through Thank you I call Gareth Hughes call Gareth Hughes

call Gareth Hughes call Gareth Hughes Greetings to all If you look over the Greetings to all If you look over the Greetings to all

If you look over the last year the big Greetings to all If you look over the last year the big Greetings to all If you look over the last year the big four New Greetings to all If you look over the last year the big four New the last year the big four New Zealand the last year the big four New the last year the big four New profit and grew by three times the profit and grew by three times the profit and grew by three times the size of profit and grew by three times the size of New Zealand's profit and grew by three times the size of New Zealand's profit and grew by three times the size of New Zealand's GDP growth size of New Zealand's GDP growth size of New Zealand's GDP growth size of New Zealand's GDP growth over the 10 years size of New Zealand's GDP growth over the 10 years

over the 10 years No longer people are over the 10 years No longer people are over the 10 years No longer people are looking for credit unions over the 10 years No longer people are looking for credit unions in are looking for credit unions in New Zealand

They are looking for credit unions in New Zealand They are looking for credit unions in New Zealand They are Zealand They are looking for an alternative Zealand They are looking for an alternative Zealand

They are looking for an alternative pathway This Zealand They are looking for an alternative pathway This Zealand They are looking for an alternative pathway

This is alternative pathway This is an area the Green Party alternative pathway This is an area the Green Party has the Green Party has always supported in parliament the Green Party has always supported in parliament the Green Party has always supported in parliament

We the Green Party has always supported in parliament We want the Green Party has always supported in parliament We want to in parliament We want to support cooperative ventures such in parliament We want to support cooperative ventures such as cooperative ventures such as this

We cooperative ventures such as this cooperative cooperative ventures such as this We want to cooperative ventures such as this We want to commend and cooperative ventures such as this We want to commend and We want to commend and join the unanimous support We want to commend and join the unanimous support We want to commend and join the unanimous support of this We want to commend and join the unanimous support of this House unanimous support of this House in commending the unanimous support of this House in commending the unanimous support of this House in commending the member Stuart unanimous support of this House in commending the member Stuart commending the member Stuart Smith for his introduction commending the member Stuart Smith for his introduction commending the member Stuart Smith for his introduction of this commending the member Stuart Smith for his introduction of this commending the member Stuart Smith for his introduction of this bill

for his introduction of this bill It for his introduction of this bill It is a smart, for his introduction of this bill It is a smart, It is a smart, common sense step forward It is a smart, common sense step forward

What It is a smart, common sense step forward What this legislation It is a smart, common sense step forward What this legislation It is a smart, common sense step forward What this legislation does forward What this legislation does is update the forward

What this legislation does is update the forward What this legislation does is update the friendly societies and forward What this legislation does is update the friendly societies and is update the friendly societies and credit union act is update the friendly societies and credit union act is update the friendly societies and credit union act which dates is update the friendly societies and credit union act which dates credit union act which dates back to 1982 credit union act which dates back to 1982 When credit union act which dates back to 1982

When you credit union act which dates back to 1982 When you cast 1982 When you cast your mind back, all 1982 When you cast your mind back, all 1982 When you cast your mind back, all that way 1982

When you cast your mind back, all that way 1982 When you cast your mind back, all that way back in 1982 When you cast your mind back, all that way back in history, 1982 When you cast your mind back, all that way back in history, this 1982 When you cast your mind back, all that way back in history, this all that way back in history, this was Muldoon's fortress, all that way back in history, this was Muldoon's fortress, was Muldoon's fortress, New Zealand, we had a was Muldoon's fortress, New Zealand, we had a was Muldoon's fortress, New Zealand, we had a price freeze was Muldoon's fortress, New Zealand, we had a price freeze in we had a price freeze in New Zealand

Six weeks we had a price freeze in New Zealand Six weeks Zealand Six weeks to get a telephone You Zealand Six weeks to get a telephone

You Zealand Six weeks to get a telephone You had to Zealand Six weeks to get a telephone You had to telephone

You had to get Government permission to telephone You had to get Government permission to telephone You had to get Government permission to import money telephone You had to get Government permission to import money telephone You had to get Government permission to import money or telephone

You had to get Government permission to import money or yuks permission to import money or yuks or cars permission to import money or yuks permission to import money or yuks permission to import money or yuks deep in our country's past Given I was deep in our country's past Given I was born in 1981, deep in our country's past Given I was born in 1981, deep in our country's past Given I was born in 1981, I am deep in our country's past

Given I was born in 1981, I am was born in 1981, I am feeling rather outdated was born in 1981, I am feeling rather outdated was born in 1981, I am feeling rather outdated an old fashioned rather outdated an old fashioned rather outdated an old fashioned rather outdated an old fashioned myself, maybe in rather outdated an old fashioned myself, maybe in rather outdated an old fashioned myself, maybe in need of some rather outdated an old fashioned myself, maybe in need of some myself, maybe in need of some modernisation myself, maybe in need of some modernisation but I commend the modernisation but I commend the modernisation but I commend the modernisation but I commend the member for his common modernisation but I commend the member for his common member for his common sense legislation member for his common sense legislation to member for his common sense legislation to update this 1982 member for his common sense legislation to update this 1982 legislation to update this 1982 legislation The legislation to update this 1982 legislation The legislation The legislation's pretty simple legislation

The legislation's pretty simple It legislation The legislation's pretty simple It brings into legislation The legislation's pretty simple

It brings into pretty simple It brings into line similar pretty simple It brings into line similar pretty simple It brings into line similar effects with pretty simple It brings into line similar effects with other similar effects with other banking and financial legislation

People similar effects with other banking and financial legislation People and financial legislation People watching the and financial legislation People watching the television watching the television tonight might watching the television tonight might watching the television tonight might not understand watching the television tonight might not understand watching the television tonight might not understand the watching the television tonight might not understand the issue watching the television tonight might not understand the issue of watching the television tonight might not understand the issue of might not understand the issue of mutuality but a might not understand the issue of mutuality but a might not understand the issue of mutuality but a very mutuality but a very important one, when you cast mutuality but a very important one, when you cast mutuality but a very important one, when you cast your mind back mutuality but a very important one, when you cast your mind back when you cast your mind back even deeper in when you cast your mind back even deeper in when you cast your mind back even deeper in history, when you cast your mind back even deeper in history, the first credit when you cast your mind back even deeper in history, the first credit deeper in history, the first credit union deeper in history, the first credit union came deeper in history, the first credit union came in deeper in history, the first credit union came in deeper in history, the first credit union came in Germany deeper in history, the first credit union came in Germany in 1852 and deeper in history, the first credit union came in Germany in 1852 and union came in Germany in 1852 and this has been union came in Germany in 1852 and this has been union came in Germany in 1852 and this has been a core principal union came in Germany in 1852 and this has been a core principal this has been a core principal to what we have this has been a core principal to what we have this has been a core principal to what we have seen by the this has been a core principal to what we have seen by the banks what we have seen by the banks that have made what we have seen by the banks that have made what we have seen by the banks that have made mega profits in New what we have seen by the banks that have made mega profits in New have made mega profits in New Zealand in have made mega profits in New Zealand in the have made mega profits in New Zealand in the past decade The Zealand in the past decade

The Zealand in the past decade The Zealand in the past decade The second issue Zealand in the past decade The second issue that this deals Zealand in the past decade The second issue that this deals second issue that this deals with is the subject of second issue that this deals with is the subject of the subject of the debate tonight that we heard the subject of the debate tonight that we heard the subject of the debate tonight that we heard from a Labour member, the subject of the debate tonight that we heard from a Labour member, that we heard from a Labour member, it that we heard from a Labour member, it was that we heard from a Labour member, it was that we heard from a Labour member, it was described as Mickey that we heard from a Labour member, it was described as Mickey Mouse, it was described as Mickey Mouse, the ability to it was described as Mickey Mouse, the ability to it was described as Mickey Mouse, the ability to circumvent the ability to circumvent the existing the ability to circumvent the existing rules the ability to circumvent the existing rules of lending

We the ability to circumvent the existing rules of lending We the ability to circumvent the support the intent of the ability to circumvent the support the intent of support the intent of this to make it support the intent of this to make it easier support the intent of this to make it easier for credit unions to support the intent of this to make it easier for credit unions to be it easier for credit unions to be able to it easier for credit unions to be able to it easier for credit unions to be able to lend money it easier for credit unions to be able to lend money to it easier for credit unions to be able to lend money to small to it easier for credit unions to be able to lend money to small to able to lend money to small to medium enterprises We able to lend money to small to medium enterprises We able to lend money to small to medium enterprises We want medium enterprises

We want to see that medium enterprises We want to see that medium enterprises We want to see that productive medium enterprises We want to see that productive capital going medium enterprises We want to see that productive capital going that productive capital going towards investing in that productive capital going towards investing in that productive capital going towards investing in entrepreneurism towards investing in entrepreneurism and towards investing in entrepreneurism and creating jobs towards investing in entrepreneurism and creating jobs towards investing in entrepreneurism and creating jobs and towards investing in entrepreneurism and creating jobs and investing and creating jobs and investing in capitalism

We and creating jobs and investing in capitalism We commend capitalism We commend this legislation and want capitalism We commend this legislation and want capitalism We commend this legislation and want to thank all capitalism

We commend this legislation and want to thank all capitalism We commend this the members of the capitalism We commend this the members of the the members of the economic and the experts and members the members of the economic and the experts and members the members of the economic and the experts and members of the credit experts and members of the credit union experts and members of the credit union and experts and members of the credit union and experts and members of the credit union and friendly experts and members of the credit union and friendly societies union and friendly societies who participated in the union and friendly societies who participated in the select participated in the select committee I didn't have participated in the select committee I didn't have the committee

I didn't have the privilege of committee I didn't have the privilege of committee I didn't have the privilege of sitting on the committee I didn't have the privilege of sitting on the privilege of sitting on the Finance and Expenditure Committee for privilege of sitting on the Finance and Expenditure Committee for and Expenditure Committee for this hearing but I note and Expenditure Committee for this hearing but I note and Expenditure Committee for this hearing but I note there's hearing but I note there's been a number of hearing but I note there's been a number of hearing but I note there's been a number of common sense hearing but I note there's been a number of common sense reasonable number of common sense reasonable improvements It number of common sense reasonable improvements

It is number of common sense reasonable improvements It is quite a number of common sense reasonable improvements It is quite a improvements It is quite a substantial report So improvements

It is quite a substantial report So substantial report So this is something the substantial report So this is something the substantial report So this is something the Green Party has substantial report

So this is something the Green Party has something the Green Party has always supported We commend the something the Green Party has always supported We commend the supported We commend the process and we look supported We commend the process and we look supported

We commend the process and we look forward to supported We commend the process and we look forward to seeing and we look forward to seeing it pass in and we look forward to seeing it pass in subsequent and we look forward to seeing it pass in subsequent stages Kia and we look forward to seeing it pass in subsequent stages Kia Ora, pass in subsequent stages Kia Ora, Mr Speaker

pass in subsequent stages Kia Ora, Mr Speaker pass in subsequent stages Kia Ora, Mr Speaker This is pass in subsequent stages

Kia Ora, Mr Speaker This is Mr Speaker This is a split call Five Mr Speaker This is a split call

Five Mr Speaker This is a split call Five minutes Mr Speaker This is a split call

Five minutes Andrew Mr Speaker This is a split call Five minutes Andrew Bayly

It Mr Speaker This is a split call Five minutes Andrew Bayly It Mr Speaker

This is a split call Five minutes Andrew Bayly It is an Mr Speaker This is a split call

Five minutes Andrew Bayly It is an Five minutes Andrew Bayly It is an absolute pleasure to be Five minutes

Andrew Bayly It is an absolute pleasure to be talking absolute pleasure to be talking on this second absolute pleasure to be talking on this second absolute pleasure to be talking on this second reading absolute pleasure to be talking on this second reading of absolute pleasure to be talking on this second reading of the friendly absolute pleasure to be talking on this second reading of the friendly this second reading of the friendly societies and this second reading of the friendly societies and this second reading of the friendly societies and credit societies and credit unions regulatory societies and credit unions regulatory regulatory improvement amendment bill regulatory improvement amendment bill Before regulatory improvement amendment bill Before I start I, like regulatory improvement amendment bill

Before I start I, like regulatory improvement amendment bill Before I start I, like all bill Before I start I, like all the previous speakers, I bill Before I start I, like all the previous speakers, I bill Before I start I, like all the previous speakers, I just want bill

Before I start I, like all the previous speakers, I just want previous speakers, I just want to acknowledge previous speakers, I just want to acknowledge previous speakers, I just want to acknowledge the fabulous previous speakers, I just want to acknowledge the fabulous previous speakers, I just want to acknowledge the fabulous job acknowledge the fabulous job that the