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Dairy Industry Restructuring Act 2001

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Dairy Industry Restructuring Act 2001
New Zealand Parliament
Royal assent26 September 2001
Legislative history
Passed2001
Status: Current legislation

The Dairy Industry Restructuring Act is an Act of Parliament passed in New Zealand 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.[1]

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.[2]

The Act is administered by the Ministry for Primary Industries.

See also

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References

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  1. ^ "The Dairy Industry Restructuring Act". Commerce Commission. Archived from the original on 26 March 2012. Retrieved 25 March 2012.
  2. ^ "Dairy Industry Restructuring Act (DIRA)". Ministry of Agriculture and Forestry. 13 January 2011. Archived from the original on 3 August 2012. Retrieved 25 March 2012.
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