Primary Sector

Fonterra baulks at giving Commerce Commission more teeth

Rebecca Howard
Fri, 15 Jul 2022

Fonterra baulks at giving Commerce Commission more teeth
Chair Peter McBride said the co-op has no issue with the majority of the proposals. (Image: Supplied)
Rebecca Howard
Fri, 15 Jul 2022
Fonterra’s biggest issue with the government’s proposed changes to the Dairy Industry Restructuring Act (DIRA) is giving the Commerce Commission more teeth.Chair Peter McBride said the co-operative is not concerned by the majority of the government’s proposals but opposes the amendment that “gives the Commerce Commission the power to make its review binding on Fonterra”.The government-backed Fonterra’s planned new capital structure but said it would also amend DIRA in regard to the regulator's powers. Sub...

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