1 00:00:01,080 --> 00:00:04,560 Speaker 1: The Huddle with New Zealand Southeby's International Real Team, the 2 00:00:04,559 --> 00:00:06,559 Speaker 1: only truly global brand. 3 00:00:06,280 --> 00:00:09,680 Speaker 2: Tuddled us this evening. Morris Williamson, Auckland Council, former National 4 00:00:09,680 --> 00:00:11,840 Speaker 2: Party minister and Jack tam who's the host of Saturday 5 00:00:11,840 --> 00:00:14,840 Speaker 2: Mornings and Q and A on TVNZ. Hello are you too, hi, 6 00:00:14,920 --> 00:00:18,960 Speaker 2: Heather kal header Morris, did you love the Brian roach 7 00:00:19,040 --> 00:00:20,920 Speaker 2: move on the primary teachers as much as I did? 8 00:00:22,280 --> 00:00:24,759 Speaker 3: Yeah? Look, I'm very pleased he did it to have 9 00:00:24,960 --> 00:00:27,400 Speaker 3: those members of the union and I think it's one 10 00:00:27,520 --> 00:00:29,720 Speaker 3: third of the primary teachers are not a member of 11 00:00:29,760 --> 00:00:32,600 Speaker 3: the union, ten thousand of them for them to say well, 12 00:00:32,600 --> 00:00:34,680 Speaker 3: why are we being held up with a settlement and 13 00:00:34,760 --> 00:00:37,120 Speaker 3: a because the lot that are in the Union are 14 00:00:37,120 --> 00:00:39,839 Speaker 3: holding out. And my understanding of the stumbling block for 15 00:00:39,960 --> 00:00:43,440 Speaker 3: the Union as two things the Treaty of Wititangy and 16 00:00:43,840 --> 00:00:46,959 Speaker 3: learning support. And I heard the Minister of the Day 17 00:00:47,040 --> 00:00:50,760 Speaker 3: said she's put three quarters of a billion into learning support. 18 00:00:50,760 --> 00:00:54,880 Speaker 3: It's the biggest investment in learning support in a generation. 19 00:00:55,320 --> 00:00:58,800 Speaker 3: About two million hours extra into the primary schools of Luton. 20 00:00:59,120 --> 00:01:02,200 Speaker 3: So for the Treaty of Whiting and learning support, when 21 00:01:02,240 --> 00:01:06,240 Speaker 3: it's been the greatest injection of money in a lifetime. 22 00:01:07,120 --> 00:01:09,000 Speaker 3: I just think the Union are playing silly buggers, and 23 00:01:09,040 --> 00:01:10,520 Speaker 3: good on Brian Roach for doing what he. 24 00:01:10,560 --> 00:01:12,720 Speaker 2: Did, quite right, Jack. It seems to me the pressure 25 00:01:12,760 --> 00:01:15,120 Speaker 2: is on the union now to wrap up these negotiations 26 00:01:15,200 --> 00:01:17,520 Speaker 2: or they face a potential exodus, don't they. 27 00:01:17,920 --> 00:01:20,840 Speaker 4: Yeah, that's exactly Aday. I mean, he's definitely cranked things 28 00:01:20,920 --> 00:01:23,600 Speaker 4: up with us. And obviously Brian Roach isn't shy about 29 00:01:24,040 --> 00:01:26,760 Speaker 4: throwing himself right into the center of center of these 30 00:01:26,800 --> 00:01:29,120 Speaker 4: negotiations and the center of this fight. I mean, you 31 00:01:29,120 --> 00:01:31,400 Speaker 4: can just imagine what it might be like in some 32 00:01:31,440 --> 00:01:34,160 Speaker 4: of those staff rooms around the country, like you know, 33 00:01:34,240 --> 00:01:37,319 Speaker 4: tomorrow morning for the for the eight thirty staff meeting, 34 00:01:37,360 --> 00:01:39,000 Speaker 4: Like you can just imagine that people are going to 35 00:01:39,040 --> 00:01:41,000 Speaker 4: be looking around the room and you can imagine the 36 00:01:41,360 --> 00:01:43,320 Speaker 4: kind of tension and divisions and Yep, there might be 37 00:01:43,360 --> 00:01:45,959 Speaker 4: people who attempted to step away from the union if 38 00:01:45,959 --> 00:01:48,280 Speaker 4: they get a sense that the negotiations are likely to 39 00:01:48,360 --> 00:01:51,480 Speaker 4: drag on. I mean, there will certainly be people who 40 00:01:51,520 --> 00:01:54,040 Speaker 4: say that Brian Roach has moved isn't in the interests 41 00:01:54,040 --> 00:01:57,920 Speaker 4: of good, safe bargaining with the union, given usually these 42 00:01:57,960 --> 00:02:01,000 Speaker 4: deals have you know they're way to to sign these 43 00:02:01,040 --> 00:02:04,200 Speaker 4: deals for once the union's reached or a collective agreement. 44 00:02:04,440 --> 00:02:07,480 Speaker 4: That being said, yeah, I think this might have the 45 00:02:07,520 --> 00:02:09,480 Speaker 4: effect ultimately of speeding things up. 46 00:02:09,560 --> 00:02:12,080 Speaker 3: Yeah, I think there might be a partition down at 47 00:02:12,160 --> 00:02:15,280 Speaker 3: every staff for him in the future was clean and unclean. 48 00:02:15,360 --> 00:02:17,359 Speaker 3: And when they come in for their morning team, do 49 00:02:17,480 --> 00:02:17,919 Speaker 3: you call. 50 00:02:17,840 --> 00:02:19,760 Speaker 2: Them a scab if they're not in the union? 51 00:02:21,240 --> 00:02:22,720 Speaker 3: No, I don't think you can. I think are scared 52 00:02:22,760 --> 00:02:25,280 Speaker 3: of a union member who breaks the rules? 53 00:02:26,480 --> 00:02:27,640 Speaker 2: What were you going to say, Jack? 54 00:02:28,440 --> 00:02:30,200 Speaker 4: I think I think you know, phys call anyone are 55 00:02:30,200 --> 00:02:31,519 Speaker 4: scared in the workplace. 56 00:02:32,520 --> 00:02:33,600 Speaker 2: As unlawful as. 57 00:02:35,720 --> 00:02:37,960 Speaker 3: I think I think they. I think they recommend against it. 58 00:02:38,000 --> 00:02:39,160 Speaker 3: You have other problem, you mate? 59 00:02:39,240 --> 00:02:41,239 Speaker 2: Yeah, yeah, it's been a long it's been a long time, 60 00:02:41,280 --> 00:02:43,320 Speaker 2: so I've forgotten what the rules are around these things. 61 00:02:43,320 --> 00:02:46,240 Speaker 2: But Morris, listen because what the union has done in 62 00:02:46,280 --> 00:02:50,160 Speaker 2: response seems to me to be quite ill considered, because 63 00:02:50,160 --> 00:02:51,600 Speaker 2: they've they've come out and they said we're going to 64 00:02:51,639 --> 00:02:54,520 Speaker 2: threaten legal action, so they're going to file an injunction 65 00:02:54,960 --> 00:02:57,160 Speaker 2: or at least they're trying to to stop Brian Roach 66 00:02:57,520 --> 00:03:00,560 Speaker 2: paying the non union members this money, which to say 67 00:03:00,560 --> 00:03:02,800 Speaker 2: that they asked, not only are they stopping their own 68 00:03:02,880 --> 00:03:05,960 Speaker 2: members from getting the money by holding up negotiations, but 69 00:03:06,000 --> 00:03:08,480 Speaker 2: now they want to stop non unionized members from getting 70 00:03:08,480 --> 00:03:10,880 Speaker 2: money as well, which doesn't feel like the cool thing 71 00:03:10,919 --> 00:03:12,520 Speaker 2: to do if you want to be the popular guys. 72 00:03:13,160 --> 00:03:15,560 Speaker 3: Well, where I land on this is that ten thousand 73 00:03:15,600 --> 00:03:18,160 Speaker 3: and one third of all primary teachers have chosen it 74 00:03:18,200 --> 00:03:20,000 Speaker 3: was their choice to say no, I don't want to 75 00:03:20,000 --> 00:03:21,440 Speaker 3: be part of the union. I'm happy to just be 76 00:03:21,880 --> 00:03:25,760 Speaker 3: an individual employment contract. And so why should they be 77 00:03:25,880 --> 00:03:28,120 Speaker 3: held up? And it's gone on for so I mean, 78 00:03:28,160 --> 00:03:31,519 Speaker 3: they've settled with the secondary schools, they've settled with the principles, 79 00:03:31,520 --> 00:03:34,280 Speaker 3: they've settled with all, but the end ZDI are hanging 80 00:03:34,320 --> 00:03:36,400 Speaker 3: out on these two things about the treaty, which I 81 00:03:36,400 --> 00:03:38,800 Speaker 3: think has got nothing to do with a pay claim 82 00:03:38,920 --> 00:03:43,080 Speaker 3: for schools and learning support. And when I said the 83 00:03:43,160 --> 00:03:45,160 Speaker 3: number of the money, I think I'm right. Three quarters 84 00:03:45,160 --> 00:03:48,680 Speaker 3: of a billion and two and two million hours of 85 00:03:48,720 --> 00:03:52,720 Speaker 3: learning support added by n by Erica Stanford, which is 86 00:03:52,760 --> 00:03:54,839 Speaker 3: the biggest in a generation. And that's still not enough 87 00:03:54,840 --> 00:03:55,200 Speaker 3: of them. 88 00:03:55,280 --> 00:03:57,800 Speaker 2: Yeah, Jack, did you hear that academic before who was 89 00:03:57,840 --> 00:03:59,960 Speaker 2: talking about accruing sickly for up to a year. 90 00:04:01,400 --> 00:04:02,760 Speaker 3: Yeah, thoughts. 91 00:04:04,080 --> 00:04:06,720 Speaker 4: A year seems like a long time to me, it's 92 00:04:06,760 --> 00:04:11,720 Speaker 4: probably nice. Yes, I'm not going to call anyone a scare. 93 00:04:11,840 --> 00:04:14,200 Speaker 4: I mean, it's I just think it's I just think 94 00:04:14,200 --> 00:04:16,640 Speaker 4: that there's a happy medium to be had here. And 95 00:04:16,680 --> 00:04:19,640 Speaker 4: I do think that trying to nickel and dinon employees 96 00:04:19,640 --> 00:04:22,680 Speaker 4: over sickly is not a good move on behalf of employees, 97 00:04:22,680 --> 00:04:25,080 Speaker 4: because I think it's more likely that people will come 98 00:04:25,120 --> 00:04:27,360 Speaker 4: to work when they're sick and make your other employees sick, 99 00:04:27,400 --> 00:04:29,800 Speaker 4: which actually will ultimately hurt your productivity. So I think 100 00:04:29,800 --> 00:04:32,760 Speaker 4: there's a happy middle ground to be had. And look, 101 00:04:32,839 --> 00:04:35,040 Speaker 4: if I was to get a serious illness, I'm sure 102 00:04:35,080 --> 00:04:37,440 Speaker 4: I would love to have a year's sick leave to 103 00:04:37,480 --> 00:04:39,080 Speaker 4: be able to call upon. But I don't know that 104 00:04:39,080 --> 00:04:42,279 Speaker 4: it's currently realistic in the kind of economy living in. 105 00:04:42,279 --> 00:04:43,000 Speaker 1: Right now, not at all. 106 00:04:43,040 --> 00:04:46,000 Speaker 2: And also, Morris, it's transferable across this idea is it's 107 00:04:46,040 --> 00:04:50,040 Speaker 2: transferable across employers, so you know who's going to hire 108 00:04:50,080 --> 00:04:51,880 Speaker 2: the person with the years like a thirty eight to 109 00:04:51,880 --> 00:04:52,920 Speaker 2: stop being employe, but. 110 00:04:52,960 --> 00:04:55,680 Speaker 3: A whole year up the sleeve of sickness. Sorry, I'll 111 00:04:55,680 --> 00:04:58,960 Speaker 3: find I'll find another candidate. Look in the sick leave 112 00:04:59,160 --> 00:05:01,320 Speaker 3: is about that when you're sick you should be able 113 00:05:01,360 --> 00:05:04,400 Speaker 3: to get some pay while you're home and recovery. The 114 00:05:04,480 --> 00:05:06,839 Speaker 3: idea that if you're not claiming it, you can just 115 00:05:06,880 --> 00:05:10,159 Speaker 3: accumulate it and accrue it over. I mean that just 116 00:05:10,240 --> 00:05:13,359 Speaker 3: makes no sense at all. I mean, whoever the academic is, 117 00:05:13,400 --> 00:05:14,800 Speaker 3: he needs to read some more books. 118 00:05:15,120 --> 00:05:16,839 Speaker 2: You are such a sexist. It was actually a woman 119 00:05:16,839 --> 00:05:18,160 Speaker 2: who came up with that crappy idea. 120 00:05:18,200 --> 00:05:22,279 Speaker 3: Morris, Oh sorry, sorry, Okay, Well, I'm trying to be 121 00:05:22,360 --> 00:05:24,120 Speaker 3: very careful here and I'm not allowed to do scabs 122 00:05:24,120 --> 00:05:25,960 Speaker 3: and I wasn't going to get into misogyny. Other was 123 00:05:25,960 --> 00:05:26,280 Speaker 3: a bloke. 124 00:05:26,400 --> 00:05:26,840 Speaker 4: Good on you. 125 00:05:27,160 --> 00:05:29,200 Speaker 2: Okay, we'll take a quick break, come back shortly on 126 00:05:29,200 --> 00:05:31,279 Speaker 2: the huddle, Jack, Tay Morris Williams and Jack. I'm on 127 00:05:31,320 --> 00:05:33,840 Speaker 2: the wrong side of public opinion on the ATM. So 128 00:05:34,200 --> 00:05:35,719 Speaker 2: how often do you use yours? 129 00:05:36,600 --> 00:05:37,400 Speaker 3: Never? Never? 130 00:05:37,560 --> 00:05:41,160 Speaker 4: Because the only time this is maybe a bit controversial, 131 00:05:41,200 --> 00:05:43,840 Speaker 4: but the only time anyone may anyone my age uses 132 00:05:43,880 --> 00:05:45,720 Speaker 4: an ATM is when they want to buy drugs or 133 00:05:45,760 --> 00:05:47,839 Speaker 4: so I've been told about castles. 134 00:05:47,960 --> 00:05:51,560 Speaker 3: Well, I'm seventy five and I haven't used an ATM 135 00:05:51,640 --> 00:05:53,599 Speaker 3: for about bloody five or ten years, I don't know 136 00:05:53,600 --> 00:05:57,000 Speaker 3: how long. Not just that not your age, it's my 137 00:05:57,120 --> 00:05:57,800 Speaker 3: age as well. 138 00:05:58,400 --> 00:06:01,640 Speaker 4: Yeah, I think this is important. I think access to 139 00:06:01,680 --> 00:06:04,440 Speaker 4: cash is important. I think the way the Reserve Bank 140 00:06:04,520 --> 00:06:08,360 Speaker 4: came about introducing these rules or moving these rules, we're 141 00:06:08,400 --> 00:06:10,400 Speaker 4: not going to win many supporters among the big banks. 142 00:06:10,440 --> 00:06:13,479 Speaker 4: I'm not surprised that they've scoffed at the scale of 143 00:06:13,520 --> 00:06:17,000 Speaker 4: the requirements. But I do think ensuring, you know, ensuring 144 00:06:17,279 --> 00:06:19,719 Speaker 4: all members of the community have access to cash is important. 145 00:06:19,920 --> 00:06:21,040 Speaker 4: I mean, I don't know that it's going to be 146 00:06:21,080 --> 00:06:23,400 Speaker 4: as important than fifteen or twenty years time, but least 147 00:06:23,400 --> 00:06:23,680 Speaker 4: for now. 148 00:06:23,800 --> 00:06:27,480 Speaker 3: Not everyone's digital. Yeah, but look, it's based on market 149 00:06:27,520 --> 00:06:31,000 Speaker 3: here that if you're into the banks and using the 150 00:06:31,040 --> 00:06:33,320 Speaker 3: cash machine and needing it, because I just don't. I mean, 151 00:06:33,320 --> 00:06:37,680 Speaker 3: who uses a checkbook anymore? They are long since con landlines. 152 00:06:37,680 --> 00:06:40,160 Speaker 3: Who even answers them? If you'd still have one, I 153 00:06:40,279 --> 00:06:42,160 Speaker 3: tell you who will be happy that there's one group 154 00:06:42,160 --> 00:06:43,720 Speaker 3: of people out there. I love it. That's the common 155 00:06:43,839 --> 00:06:49,560 Speaker 3: chair os why because of the drugs, they can't. 156 00:06:49,360 --> 00:06:52,520 Speaker 2: Lose their sell So if we establish more ATMs, they're 157 00:06:52,520 --> 00:06:53,800 Speaker 2: going to love it because then they can get their 158 00:06:53,839 --> 00:06:56,480 Speaker 2: drug money. Yeah, of course that is a good point 159 00:06:56,480 --> 00:06:58,760 Speaker 2: that you make, Actually, Morris, it's like, you know. 160 00:06:59,040 --> 00:07:00,839 Speaker 3: They're an important part of it, our society, and they 161 00:07:00,920 --> 00:07:03,960 Speaker 3: need to make sure that their needs are Look, it's lunacy, 162 00:07:04,120 --> 00:07:07,320 Speaker 3: absolute lunacy. I mean we should all still have what 163 00:07:07,360 --> 00:07:10,240 Speaker 3: were those little things where you Sonny Walkman's let's get 164 00:07:10,440 --> 00:07:13,200 Speaker 3: back to Sonny Workman's for around music. But the world 165 00:07:13,240 --> 00:07:16,760 Speaker 3: has moved on from this ship and people do all 166 00:07:16,800 --> 00:07:18,800 Speaker 3: their transactions with the phone in their hand. Or I 167 00:07:18,880 --> 00:07:21,400 Speaker 3: do all my payments with a watch. Now my watch 168 00:07:21,440 --> 00:07:25,120 Speaker 3: does my bill payments. So let's just not start having Morris. 169 00:07:24,840 --> 00:07:26,280 Speaker 2: Next time you were in here, can you show me 170 00:07:26,320 --> 00:07:26,800 Speaker 2: how to do that? 171 00:07:27,440 --> 00:07:28,559 Speaker 3: Yep, happy to do so. 172 00:07:29,280 --> 00:07:31,040 Speaker 2: It's a happy day when you learn from a boomer 173 00:07:31,160 --> 00:07:34,720 Speaker 2: how to set up your payments. Now, listen, Jack, I 174 00:07:34,800 --> 00:07:37,680 Speaker 2: have been thinking about this Auckland housing intensification thing. I 175 00:07:37,720 --> 00:07:40,800 Speaker 2: think it's backfired on David Sebel. What's happened in the 176 00:07:40,840 --> 00:07:42,280 Speaker 2: last twenty four hours. What do you think? 177 00:07:43,320 --> 00:07:46,880 Speaker 4: Ah, I mean, I'm going to hold fire on that 178 00:07:47,080 --> 00:07:49,440 Speaker 4: until the election because I still don't think this fight 179 00:07:49,520 --> 00:07:51,520 Speaker 4: has done. I think this is going to go on 180 00:07:51,640 --> 00:07:53,600 Speaker 4: and on and on all the way up into the election, 181 00:07:53,720 --> 00:07:55,640 Speaker 4: and let's see what the numbers are looking like in 182 00:07:55,640 --> 00:07:58,280 Speaker 4: the week or two before the election, because I reckon, 183 00:07:58,360 --> 00:08:00,520 Speaker 4: David Seymour still has some cards to play all of this. 184 00:08:00,800 --> 00:08:03,320 Speaker 3: Maybe yeah, maybe, yeah, yeah. 185 00:08:03,360 --> 00:08:07,400 Speaker 4: I mean it seems pretty sensible that if you're going 186 00:08:07,400 --> 00:08:10,040 Speaker 4: to have intensification, you have it near the public transport 187 00:08:10,240 --> 00:08:12,400 Speaker 4: and you have it close to the city. That at 188 00:08:12,400 --> 00:08:14,840 Speaker 4: a base level seems seems like it makes a lot 189 00:08:14,840 --> 00:08:16,680 Speaker 4: of sense. But like I say, I reckon David seen 190 00:08:16,680 --> 00:08:17,720 Speaker 4: will still got cards to play. 191 00:08:17,840 --> 00:08:20,600 Speaker 2: So Morris, why I think it's backfired on him is 192 00:08:20,640 --> 00:08:22,840 Speaker 2: because it seems that it's all going to be basically 193 00:08:23,000 --> 00:08:25,640 Speaker 2: around the city center, which is where all the leafy suburbs, 194 00:08:25,640 --> 00:08:26,760 Speaker 2: including his electorate are. 195 00:08:27,280 --> 00:08:30,520 Speaker 3: That's what's prom thing, Yes, but it's a matter of 196 00:08:30,520 --> 00:08:32,560 Speaker 3: what you mean by the city center, because you can 197 00:08:32,600 --> 00:08:35,280 Speaker 3: easily go into, say where some of the transport corridors 198 00:08:35,320 --> 00:08:37,480 Speaker 3: and the transport hubs are, and you're not in a 199 00:08:37,559 --> 00:08:42,280 Speaker 3: leafy suburb. You're actually nearby. So what we did yesterday, 200 00:08:42,320 --> 00:08:45,160 Speaker 3: which is really important, is we've adopted some principles at 201 00:08:45,200 --> 00:08:47,280 Speaker 3: the council, and one of them is to accept the 202 00:08:47,320 --> 00:08:50,960 Speaker 3: government's back down to the one point six million rather 203 00:08:50,960 --> 00:08:53,199 Speaker 3: than the two million, because if you've got the two million, 204 00:08:53,240 --> 00:08:56,600 Speaker 3: you had to bleed right down into suburbia and right 205 00:08:56,640 --> 00:08:59,880 Speaker 3: down the suburban streets. At the one point six you don't. 206 00:09:00,200 --> 00:09:02,040 Speaker 3: And in fact, the one question that was asked of 207 00:09:02,040 --> 00:09:06,240 Speaker 3: officials yesterday, if we only did the town centers, the 208 00:09:06,240 --> 00:09:09,960 Speaker 3: transport hubs and the transport corridors, would that get us 209 00:09:10,000 --> 00:09:13,280 Speaker 3: our one point six And the answer was pretty much yes. 210 00:09:13,920 --> 00:09:15,040 Speaker 2: Are you going to give them a map? 211 00:09:15,160 --> 00:09:18,560 Speaker 3: Morris Well, the trouble is that the maps can't be 212 00:09:18,600 --> 00:09:22,160 Speaker 3: built till the criteria for how you can build a multitude, 213 00:09:22,160 --> 00:09:24,560 Speaker 3: you can build an infinite number of different maps. First 214 00:09:24,600 --> 00:09:27,240 Speaker 3: of all, what was decided yesterday was that ten k 215 00:09:27,960 --> 00:09:31,000 Speaker 3: radius around the CBD, So that means it's going to 216 00:09:31,000 --> 00:09:33,840 Speaker 3: be a different level of intensification in that ten k 217 00:09:34,160 --> 00:09:37,840 Speaker 3: circle compared to outside of it, which I'm delighted about 218 00:09:37,880 --> 00:09:40,520 Speaker 3: because my ward of Howick is right outside of that. 219 00:09:42,200 --> 00:09:44,720 Speaker 3: A bit of self interest here, secondly to do with 220 00:09:45,440 --> 00:09:46,920 Speaker 3: a whole lot of us, to do with where the 221 00:09:46,920 --> 00:09:50,160 Speaker 3: transport corridors are. We don't have a train set out here, 222 00:09:50,600 --> 00:09:52,600 Speaker 3: we don't have any state highways out here. So it's 223 00:09:52,600 --> 00:09:54,640 Speaker 3: good that we're not being forced because it was one 224 00:09:54,679 --> 00:09:57,880 Speaker 3: size fits all originally. I think that most people will 225 00:09:57,920 --> 00:10:00,880 Speaker 3: be reasonably happy when we settle on where it needs 226 00:10:00,920 --> 00:10:03,680 Speaker 3: to be. What I'm not yet convinced about is what 227 00:10:03,880 --> 00:10:07,200 Speaker 3: was wrong with the original unitary plan that was so 228 00:10:07,440 --> 00:10:10,040 Speaker 3: hard worked for. In twenty sixteen, we got all of 229 00:10:10,080 --> 00:10:13,400 Speaker 3: the necessary what was it, thirty thousand year times thirty years, 230 00:10:13,400 --> 00:10:17,079 Speaker 3: gave you your nine hundred thousand or a million available properties. 231 00:10:17,320 --> 00:10:20,160 Speaker 3: Now everyone says, oh, what spike. That was a huge 232 00:10:20,280 --> 00:10:23,520 Speaker 3: price spike in twenty twenty and so on. Well, I've 233 00:10:23,520 --> 00:10:25,400 Speaker 3: just looked up several documents. You can look it up 234 00:10:25,400 --> 00:10:27,520 Speaker 3: on the web. The thing that drove that was the 235 00:10:28,200 --> 00:10:31,680 Speaker 3: Reserve Bank flounder the money market with liquidity they made 236 00:10:31,679 --> 00:10:35,600 Speaker 3: that they dropped interest rate toero point two five of 237 00:10:35,679 --> 00:10:38,720 Speaker 3: one percent. Now, if you can get that, that's basically 238 00:10:38,760 --> 00:10:41,120 Speaker 3: free money and as much of it as you want. Well, 239 00:10:41,120 --> 00:10:43,600 Speaker 3: guess what happened pebble at options and so I couldn't 240 00:10:43,600 --> 00:10:45,559 Speaker 3: afford that. Normally it's only another fifty grand. 241 00:10:46,440 --> 00:10:48,600 Speaker 2: What you're saying is we're trying to fix something at 242 00:10:48,600 --> 00:10:50,520 Speaker 2: the council level that was actually a reserve but it 243 00:10:50,520 --> 00:10:52,679 Speaker 2: was driven by Reserve Bank action. I appreciate that's a 244 00:10:52,760 --> 00:10:54,480 Speaker 2: very good argument. Guys, listen. Thanks, I have to leave 245 00:10:54,480 --> 00:10:56,520 Speaker 2: it there. Morris Williams and Jack Tamar huddle. 246 00:10:56,760 --> 00:10:59,839 Speaker 1: For more from Heather Duplessy Allen Drive. Listen live to 247 00:11:00,120 --> 00:11:03,160 Speaker 1: use talk zeb from four pm weekdays, or follow the 248 00:11:03,200 --> 00:11:04,839 Speaker 1: podcast on iHeartRadio.