The Productivity Commission is recommending the reversal of changes to the regulation of dairy giant Fonterra, which only passed into law in July.The new rules will stifle much-needed competition, the commission says in a draft report on improving the competitiveness of New Zealand's so-called 'frontier firms'.The Dairy Industry Restructuring Act (DIRA), which allowed the creation of the giant farmer-owned cooperative in 2001, was amended in July to give Fonterra the right to refuse re-entry by dairy farmers who have left but want t...
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