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Dairy Industry Restructuring (Fonterra Capital Restructuring) Amendment Bill

Introduced on Sept 20. The bill allows Fonterra to undertake a capital restructuring and includes a new monitoring and milk price setting regime giving the Commerce Commission increased powers to make directions. First reading interrupted on Sept 22 with National indicating support with some concerns about the new oversight regime. First reading completed on Oct 27 and sent to the primary production committee for limited consideration. Reported back on Nov 10 with minor changes. Second reading completed on Nov 15 with the Greens and Te Paati Māori opposed.

Dairy Industry Restructuring (Fonterra Capital Restructuring) Amendment Bill