Greg Smith

You know, even the guys that, you know, the smartest guys in the world in terms of your Warren Buffetts and that, they don't try and time the market.

It's time in the market rather than trying to time the market.

Yeah, there was.

And yeah, worth pointing out, doesn't affect KiwiSaver.

So KiwiSaver providers?

Yeah, not caught by that.

So yeah, won't affect KiwiSaver providers.

But yeah, will affect the banks.

So yeah, I think it's a couple of hundred million, something along those lines.

So that's something that's been brewing.

Obviously,

banks you know um and we compete with the banks but you know sort of talk to it diplomatically there's a school of thought about how obviously banks do make you know bumper profits and um that's always sort of in the spotlight but you know businesses are there to make profits so

Yeah, so there's, I suppose, that levy that's sort of going to that.

That's the other interesting one, I suppose, just sort of a candle, so sort of segueing back to those higher contributions, you know, for KiwiSaver.

One way of looking at it is that they're not inflationary.

But the other way that I suppose I'm also looking at is that it's a way of investing in New Zealand savings or, you know, rather than potentially, you know, if we don't have those higher contributions, does that go into the savings products, loans or whatever it might be, financial services of Australasian banks and ultimately benefit shareholders in those Australasian banks.

So again, sorry, I'm getting off topic a little bit.

I'll just sort of go back to that.

I mean, they're just trying to provide a little bit of balance to it.

Go for it.