Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
A common theme in submissions to the primary production select committee this month on the National Animal and Traceability (NAIT) Amendment Bill show farmers and processors oppose Government taking ownership of data.
The Government, through amendment 23A, is proposing that all core data become the property of the Crown and a copy of the core data must be provided at the written request of the Minister for Agriculture.
Currently NAIT data is owned by Ospri, a partnership between the primary industries sector and the Government.
Fonterra’s submission, signed by general manager veterinary and risk management Caroline Murray, questions the amendment.
“We question the purpose of this section. The Crown can already access NAIT information at no cost under the Biosecurity Act, and therefore this appears to be an unnecessary addition,” the co-op said.
Farmer-owned co-op LIC also opposes Crown ownership. It submits that Crown ownership is not necessary to meet the stated objective of securing access to and control over the NAIT database in the future.
“It is not in the public interest to grant property ownership rights. Crown ownership could cause significant issues that outweigh any perceived benefits, and the new section 23A is contrary to the purpose of the NAIT Act to encourage farmer participation and compliance.”
Deer farmers, represented by Deer Industry NZ, believe NAIT data belongs to the data submitters (principally farmers, saleyards and slaughterhouses) and that the NAIT database belongs to the NAIT organisation.
“It has long been the NAIT organisation’s and its stakeholders’ position that even though disclosure of data to the NAIT organisation is a legal requirement, ownership remains vested in the disclosing parties.
“There is no obvious reason why the Crown would be the data owner. We note that the Crown has declined to take up a shareholding in the NAIT organisation, although its available share is no greater than that of DairyNZ and Beef + Lamb NZ.
“That the NAIT organisation is a creature of statute and persons are required to disclose data to it does not mean that the data is necessarily Crown-owned.”
DairyNZ says it supports other proposed changes to NAIT but has “serious concerns” about data security.
“We want to send a clear message that we are firmly opposed to any attempt to take ownership of farmers’ NAIT data. The Crown does not need to ‘own’ the data to manage the risk,” said DairyNZ biosecurity manager, Dr Liz Shackleton.
“DairyNZ supports the minister and appropriate Government agencies such as MPI having access to data for the purposes of the Act but believes that anything further would constitute a significant privacy breach.”
Federated Farmers meat and wool chairman Miles Anderson says his members “vehemently disagree” with the Government proposal.
“This proposal raises a red flag as to why the Crown would want ownership when current legislation allows access to NAIT information in a transparent manner.”
Biosecurity Minister Damien O’Connor told Rural News the purpose of the select committee process is “to thrash things out and give the New Zealand public the chance to be involved in the development of legislation”.
“The select committee process still has some way to go. The committee will consider all evidence and inputs it receives,” he said.
“I would encourage anyone with concerns or ideas to engage with the select committee process and have their say.”
