The New Zealand Flag

I am not a fan of changing our flag and all the proposed alternatives I have seen so far have done nothing to change my mind. Then in a recent flag design competition, Christchurch design student Denise Fung won the top prise with this work.
I really like it. Not sure if it changes my mind on the matter but if the consensus of New Zealanders is to change then this design has to be my first choice so far.