Dairy Industry Restructuring Act 2001
| Dairy Industry Restructuring Act 2001 | |
|---|---|
 | |
| New Zealand Parliament | |
| Royal assent | 26 September 2001 |
| Legislative history | |
| Passed | 2001 |
| Status: Current legislation | |
The Dairy Industry Restructuring Act is 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
- ^ "The Dairy Industry Restructuring Act". Commerce Commission. Archived from the original on 26 March 2012. Retrieved 25 March 2012.
- ^ "Dairy Industry Restructuring Act (DIRA)". Ministry of Agriculture and Forestry. 13 January 2011. Archived from the original on 3 August 2012. Retrieved 25 March 2012.
External links
- Text of the Act
- Dairy Industry Restructuring Act at the Commerce Commission
- Dairy Industry Restructuring Act at the Ministry of Agriculture and Forestry