Displaying items by tag: DAIRY INDUSTRY RESTRUCTURING ACT

Fonterra is welcoming key changes made to a bill before Parliament that will finalise the co-operative's new capital structure.

Fonterra chair Peter McBride hopes the Government reaches a decision on its new capital structure before the end of the year.

Fonterra says additional measures are not required to reduce the co-operative's discretion in a setting the milk price.

Fonterra's bid to gain parliamentary approval for its new capital structure is fiercely opposed by rival milk processors.

Fonterra's new capital structure is likely to sail through the parliamentary process without any major changes.

Miraka chief executive, Richard Wyeth says the company was disappointed at the way the Dairy Industry Restructuring Act Bill (DIRA) was rushed through Parliament recently.

The reform of the Dairy Industry Restructuring Act (DIRA) need not be radical but there will be some changes, Agriculture Minister Damien O’Connor has indicated.

Fonterra farmers have been unhappy with aspects of the Dairy Industry Restructuring Act (DIRA) for some time.

The Commerce Commission has released its final report on Fonterra’s base milk price calculation for the 2015/16 dairy season.

Fonterra says proposed changes to dairy industry regulations don't go far enough.