The Government will introduce the Dairy Industry
Restructuring Bill tomorrow, subject to formal clearance by
the Labour and Alliance caucuses, Agriculture Minister Jim
Sutton said today.
The bill would be debated and referred
to select committee next week.
Mr Sutton said the bill was
in two parts: the first implementing the merger of Kiwi
Dairy Co-operative, New Zealand Dairy Group, and the New
Zealand Dairy Board to form Global Dairy Company; and the
second introducing a regulatory package to mitigate any
adverse effects of having such a large company.
"This
fulfils the Government's criteria for any producer board
reform: it must be supported by a majority of industry
participants, it must be fair to minority interests, and it
must be in the public interest."
Mr Sutton said when the
bill was received by the select committee, submissions would
be called for so that everyone could have a say.
"The
dairy industry is New Zealand's largest export industry, and
is responsible for one of every five export dollars we earn
as a country. Changes in the dairy industry affect
everyone."
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