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

 

Commission will give preliminary view on dairy

The Commerce Commission will publish its draft determination on the proposed merger of the Dairy Board and nine dairy companies on August 5.

Commissioner Dr Kate Brown today released the Commission's timetable for its investigation.

June 21 Commission received the application for authorisation of the "mega-merger". Under the proposal, the new company could own all the assets of the New Zealand Dairy Board, Kaikoura Co-operative Dairy Company Limited, Kiwi Co-operative Dairies Company Limited, Marlborough Cheese Co-operative Limited, The New Zealand Co-operative Dairy Company Limited, Northland Co-operative Dairy Company Limited, South Island Dairy Co-operative Limited, Tasman Milk Products Limited, Tatua Co-operative Dairy Company Limited and Westland Co-operative Dairy Company Limited.

August 5 Commission to publish draft determination. The draft determination will give interested parties a clear indication of what the Commission sees as the relevant issues and where it wants further information, and will give the Commission's preliminary view that, based on information currently available, it would or would not authorise the proposal.

By August 19 Interested parties to make submissions on the draft determination.

By August 26 Experts employed by interested parties submissions on the draft determination.

September 8-10 Conference where interested parties can provide further information and the Commission will ask questions. Public and media can observe and report.

September 28 Commission will release its final decision.

NB: This is a two-week extension on the date given when the Commission received the application. "The proposal is to merge all the main players in one of New Zealand's key industries," Dr Brown said. "It has the potential to have major impact on the wider economy. The Commission will not rush this decision. We will investigate it thoroughly and will allocate the time and resources necessary to do so."

Relevant documents available from the Commission include:

Public copies of the application. Business Acquisitions Guidelines Conference procedures Guidelines to the Analysis of Public Benefits and Detriments

Documents that will be available at later dates:

Draft determination, from August 5 Submissions from interested parties, after August 19 Submissions from experts, after August 26 Submissions to the conference, after they are presented at the conference Final decision, from September 28


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>

ALSO:

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO:

 
 
 
 
 
 
 
 
  • Bill Bennett on Tech