Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Meat Board wins Privy Council appeal

Meat Board wins Privy Council appeal

27th July 2004

The New Zealand Meat Board and the Meat Industry Association (MIA) have been successful with their appeals to the Privy Council to have a Judgment against them overturned.

The decision by the Privy Council overturns an earlier Court of Appeal ruling that the Board and the MIA were liable to pay damages of at least $2 million to two companies over the allocation of meat quota in the mid 1990’s. With an inquiry into further damages ordered, the final liability was likely to have been several million dollars more.

Meat Board Chairman Jeff Grant says he is satisfied with the Privy Council’s decision.

“We were very surprised when the High Court decided against the Board, and while the Court of Appeal put right many of the errors made, they still found we had a significant liability to Paramount Exports Limited and Ronnick Commodities Limited.”

“Coming away from the hearing we were reasonably confident of a successful outcome, but after the disappointments of the earlier decisions we didn’t want to get our hopes up prematurely. The Privy Council decision is a pleasing conclusion to the matter for us.”

The case against the Board and MIA was originally brought by Ronnick Commodities Limited and Paramount Exports Limited over a decision made in 1994, to change the way that the European sheepmeat quota was allocated. Both companies claimed that they had been unfairly disadvantaged by the change, and that the loss of quota had caused their related businesses to fail.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>


Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news