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)

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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