The Dairy Industry Restructuring Act is an Act of Parliament passed in

New Zealand New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island count ...

in 2001. The Act authorised the amalgamation of New Zealand's two largest dairy co-operatives - New Zealand Co-operative Dairy Company Ltd and Kiwi Co-operative Dairies Ltd - into Fonterra Co-operative Group Limited and the resulting ownership by Fonterra of all the shares in the

New Zealand Dairy Board The New Zealand Dairy Board (NZDB) was a statutory board in control of the export of all New Zealand dairy products from its formation in 1923 until 2001. It operated through a global network of marketing subsidiaries. In 2001, the Dairy Board wa ...

. In order to prevent the monopoly position of Fonterra from being anticompetitive the Act requires an open entry and exit of farmers into and out of the co-operative, and up to 600 million litres of raw milk made available to competitors. These are used in conjunction with the

Commerce Act 1986 The Commerce Act 1986 is a statute of New Zealand. It prohibits conduct that restricts competition and purchase of shares or assets where that would lessen competition in a market. As well as generally governing markets, the Act gives the Comm ...

. The Act is administered by the Ministry for Primary Industries.

References

{{Reflist

External links

Text of the ActDairy Industry Restructuring Act
at the Commerce Commission
Dairy Industry Restructuring Act
at the Ministry of Agriculture and Forestry Dairy farming in New Zealand Statutes of New Zealand 2001 in New Zealand law Agriculture legislation Fonterra

See also

References

External links