I move, That the Companies (Address Information) Amendment Bill be now read a second time.
I would like to begin with thanks to the Economic Development, Science and Innovation Committee, who considered the Companies (Address Information) Amendment Bill and who worked hard under the leadership of Parmjeet Parmar and came up with some really good recommendations to make this a better bill. I’d like to thank the officials who also worked hard with us to make it a much better bill. And I say “us” because, although I do not sit on that committee, I attended while the bill was progressing through and the chair and members of that committee were very supportive of me participating in the discussions.
I would also like to thank our former colleague Sarah Pallett, who was the person who first authored this bill. When Sarah wasn’t re-elected to Parliament, I took over the bill. It was then still in the biscuit tin, and it was drawn out. This is Sarah’s work as well, and it’s good to be able to see our former member’s work carrying on in the House.
To remind people what this bill does, what it does is it creates the capacity for directors of companies—and, by the time it came out of the select committee, it’s directors of companies who are also shareholders in those companies—to have their home addresses removed from the Companies Register and replaced with an alternate address. It’s a change that’s supported by a large number of the submitters, and I’ll get to exactly why in a moment.
I’d like to say there are some really significant submitters who supported this change. The New Zealand Super Fund supported it, and so did the Restaurant Association and Retail New Zealand. Russell McVeagh supported it; so did Business New Zealand and the Institute of Directors and one of our big insurance companies, IAG, who also put in a submission on it. All these significant entities supported this bill. Now, to be clear, they didn’t support it in its entirety. They supported the intent of the bill, and most of them thought it should go further. That’s what they wanted—a really good solution in place. The solution we have in place through this bill is a bit of a band-aid but, for the time being, a band-aid will do. Again, that will be come through in my speech.
As for why this bill is important, I want to go to some of the submissions that we received during the select committee process. The first one here is from a woman, Susan Templeton. Now, Susan is another person we need to thank because she is one of the people who has been instrumental in getting this bill to the point where it is. She and I met before the bill had its first reading in the House, and she submitted on it. For those who care to read her submission, what they will see is a story of Susan being stalked, of being harassed, of having threatening text messages, of consulting the police but finding that there was little the police could do—fortunately, stalking is now an offence in this country—of having a driver of a car pull up behind her, of having things go oddly wrong at her home. What she found is that her name, her home address, was on the Companies Register, where her home could be found in a matter of moments by anyone with an internet connection—the name and a Google search.
Now, Susan was able to get a final protection order against the person who was stalking her, but what she couldn’t get easily was a way to get her address removed from the Companies Register. She said, “No one should have to go through that.”, and, “There needs to be a solution in place for that soon.”, she said. That’s Susan’s story, and she asks a couple of questions in her submission. She says, “My first question is simple: Who needs to know where I live? I have a public business location and service address. I have a public website and keep regular business hours. I am not a criminal. Why should I be forced to live like one?” And her second question is urgent. She says, “Why should I, or any other person who is being threatened by someone wishing us harm, wait another two days or two years for our government to get around to updating our outmoded Companies Act?” Susan wanted action fast to ensure that someone who was being threatened could not be found via the Companies Register. It was one of the compelling submissions we received.
The New Zealand College of Clinical Psychologists submitted on this bill. They were very much in favour of it. Again, let me read a submission from one of their members, who wrote, “As a clinical psychologist who runs a large practice in Auckland, we have not been willing to register as a company, because we are concerned about our private information being available. Boundaries are a crucial part of our work, and it is important that psychologists have the autonomy to decide which information they share with their patients to maintain these boundaries and, in some cases, their safety and privacy. For example, in our practice, clients are only able to contact us via email and so on.” Importantly, though, this clinical psychologist, writing in support of the New Zealand College of Clinical Psychologists, says she wants to be able to keep her address private for safety reasons.
Here is one I found really compelling at the moment, from Sparrow Consults: “My organisation is a strong ally for the trans and LGBTQI+ community, and we are gravely concerned about the personal and online safety of those who work … in trans health. I am on the unpublished electoral roll due to past employment working within family and sexual violence areas. I am concerned as business owner about the Companies Register requirement for anyone who is a company director to have their residential address be listed on a public website … I wish to protect my business, myself, and my whānau. I have a primary aged child who is an ally, and I want the power to protect them as much as myself. Advocacy in the current global climate is increasingly tough and it is only through knowing my business, myself, and my whānau are safe that I can continue to support gender-affirming health care.” We all saw what happened last weekend when allies were attacked. They have a compelling reason not to have their addresses publicly available. Those are the reasons for this bill.
Now, there are some very sensible changes made at select committee to make this bill workable and work in a particular way, but I do want to address one major outstanding issue. The Minister of Commerce and Consumer Affairs has said that he is preparing a Companies Amendment Bill to amend the Companies Act, and he’s proposing, or he will, a particular solution within that bill that would actually be a better solution than this one. It would be a better solution, and I agree, from talks I’ve had with the Minister of Commerce and Consumer Affairs, that it would be a better solution. He said it was coming “soon”, but “soon” is a very slippery word: “soon” can mean five minutes, “soon” can mean three months, “soon” can mean five years—what does “soon” mean in this case? We heard in Susan Templeton’s submission that she needed this protection now, not soon—whatever that “soon” might be.
This solution is a band-aid. The solution proposed by the Minister of Commerce and Consumer Affairs will be a better solution, but that solution is not available yet. The bill is not even in the House yet. Now, if that bill gets into the House and passes its first reading, then we could reconsider whether this bill should go through or whether some aspects of it could be adopted, but until that moment, this band-aid is needed. Until that moment, trans allies, clinical psychologists, business people who have had an unfortunate incident that means that they are now vulnerable—in fact, possibly any company director who’s also a shareholder—can benefit from this band-aid. I invite the Minister of Commerce and Consumer Affairs to clarify his “soon”, very soon indeed, and in the meantime, I urge the House to support this bill.