Dairy Industry Restructuring Act 2001

Dairy Industry Restructuring Act 2001
New Zealand Parliament
Date of Royal Assent 26 September 2001
Status: Current legislation

The Dairy Industry Restructuring Act was an Act of Parliament passed in New Zealand in 2001.

The Act authorised the amalgamation of New Zealand's two largest dairy co-operatives - New Zealand Co-operative Dairy Company Ltd and Kiwi Co-operative Dairies Ltd - into Fonterra Co-operative Group Limited and the resulting ownership by Fonterra of all the shares in the New Zealand Dairy Board.[1]

In order to prevent the monopoly position of Fonterra from being anticompetitive the Act requires an open entry and exit of farmers into and out of the co-operative, and up to 600 million litres of raw milk made available to competitors. These are used in conjunction with the Commerce Act 1986.[2]

The Act is administered by the Ministry for Primary Industries.

See also

References

  1. ↑ "The Dairy Industry Restructuring Act". Commerce Commission. Retrieved 25 March 2012.
  2. ↑ "Dairy Industry Restructuring Act (DIRA)". Ministry of Agriculture and Forestry. 13 January 2011. Retrieved 25 March 2012.

External links

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