MPs clear Fonterra restructuring bill with minor tweaks

MPs clear Fonterra restructuring bill with minor tweaks
The Dairy Industry Restructuring bill will now be read a second time. (Image: Getty)
Riley Kennedy
Parliament's primary production select committee has given the thumbs-up to legislation empowering change at Fonterra to let farmers cut back the number of co-operative shares they have to hold.Chaired by Labour's Jo Luxton, the committee of four Labour MPs, three National MPs and one Act MP unanimously recommended some minor changes to the Dairy Industry Restructuring (Fonterra Capital Restructuring) Amendment Bill in the report that was published the same day as Fonterra's annual meeting in Rotorua. At the co-op’s annua...

More Primary Sector

Job cuts on the table at embattled BX Foods
Primary Sector

Job cuts on the table at embattled BX Foods

The meat processor operates a plant in Oamaru.

Riley Kennedy 25 Jul 2024
Foresta parts ways with managing director Ray Mountfort
Primary Sector

Foresta parts ways with managing director Ray Mountfort

The company assured shareholders plans for a biomass plant in Kawerau are on track.

Greg Hurrell 25 Jul 2024
NZ raises its concerns with EU over deforestation regulation
Primary Sector

NZ raises its concerns with EU over deforestation regulation

The regulation is tipped to pose “quite significant burdens”.

Riley Kennedy 25 Jul 2024