Fonterra farmers urge MPs to unshackle cooperative

Fonterra farmers urge MPs to unshackle cooperative
Rebecca Howard
Fonterra farmers say the current law governing the dairy sector has created perverse outcomes for the industry and that the cooperative needs to be free to act in shareholders' interests.Parliament’s primary production select committee is currently reviewing submissions on proposed changes to the Dairy Industry Restructuring Act, passed in 2001 to set rules to regulate Fonterra’s dominant position after its formation and help foster a competitive market. A government review deemed the law was still fit for purpose but could be better.While the...

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