Fonterra law change a measured response to risks it poses: govt

The new arrangements would make it easier for Fonterra to attract and retain milk supply. (Image: Getty)

Mon, 26 Sep 2022

A law allowing Fonterra to undergo a capital restructuring is a measured response to the risks it poses, according to the government.Last week, parliament began debating the Dairy Industry Restructuring (Fonterra Capital Restructuring) Amendment Bill. The government is proposing a tight timeframe, with just seven weeks for select committee consideration instead of the usual six months.Fonterra’s shareholding farmers voted in December for a capital restructuring of the co-operative, which was formed through the Dairy Industry Restruct...

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