Book Reviews | Gordon Campbell | News Flashes | Scoop Features | Scoop Video | Strange & Bizarre | Search

 


Dairy Reform Bill Sent To Curtailed Select Committee Hearing

The Dairy Industry Restructuring Amendment Bill will be given just three months consideration by select committee after it completed its first reading today.

The bill introduces a new regime for Fonterra’s milk price setting, proposed capital restructure, and share valuation.

Agriculture Minister David Carter said the freedom of farmers to enter or leave Fonterra was at the centre of earlier industry reforms

Fonterra remained the dominant player so the way in which its farm gate milk price was set essential to the sector remaining efficient and the bill before the House would make this more transparent and strengthen confidence in the price set.

Fonterra would be required to release information on how it worked out what it paid farmers and this would be monitored by the Commerce Commission.

The bill would also allow farmers to trade in some of their Fonterra shares, but only farmer owned shares would be able to vote, Carter said.

Damien O’Connor said Labour had a history supporting the dairy industry, but could not support the bill at the stage.

The legislation was premature and there was still too much debate within the industry about whether it would work.

``There are too many unknowns,’’ O’Connor said.

The proposed milk price rules were possibly a case of ``over-regulation’’ as there were no indication the current system wasn’t largely working.

There was also a lack of details on what the end result of farmers trading their shares in Fonterra would be and Labour was concerned that the trading would open up the possibility of overseas interests buying what is New Zealand’s most successful company.

Farmers who supported National did not support the bill, O’Connor said.

The bill was sent to the Primary Production Committee by 64 to 54 with National, Maori Party, ACT and United Future supporting.

The committee was instructed to report back by June 1 and under a new standing order the House debated the motion as it halved the select committee process from six months to three months..

The Government said it was a shortened process because Fonterra needed have the legislation in place by the end of June if it was to proceed with farmer share trading.

Labour said it opposed the shortened process because it was an important examination of a bill vital to the economy and it should be given full and close scrutiny.

**
ParliamentToday.co.nz is a breaking news source for New Zealand parliamentary business featuring broadcast daily news reports.

© Scoop Media

 
 
 
 
 
Top Scoops Headlines

 

Live Blog On Now: Open Source//Open Society Conference

The second annual Open Source Open Society Conference is a 2 day event taking place on 22-23 August 2016 at Michael Fowler Centre in Wellington… Scoop is hosting a live blog summarising the key points of this exciting conference. More>>

ALSO:

Buildup:

Gordon Campbell: On The Politicising Of The War On Drugs In Sport

It hasn’t been much fun at all to see how “war on drugs in sport” has become a proxy version of the Cold War, fixated on Russia. This weekend’s banning of the Russian long jumper Darya Klishina took that fixation to fresh extremes. More>>

ALSO:

Binoy Kampmark: Kevin Rudd’s Failed UN Secretary General Bid

Few sights are sadder in international diplomacy than seeing an aging figure desperate for honours. In a desperate effort to net them, he scurries around, cultivating, prodding, wishing to be noted. Finally, such an honour is netted, in all likelihood just to shut that overly keen individual up. More>>

Open Source / Open Society: The Scoop Foundation - An Open Model For NZ Media

Access to accurate, relevant and timely information is a crucial aspect of an open and transparent society. However, in our digital society information is in a state of flux with every aspect of its creation, delivery and consumption undergoing profound redefinition... More>>

Keeping Out The Vote: Gordon Campbell On The US Elections

I’ll focus here on just two ways that dis-enfranchisement is currently occurring in the US: (a) by the rigging of the boundary lines for voter districts and (b) by demanding elaborate photo IDs before people are allowed to cast their vote. More>>

Ramzy Baroud: Being Black Palestinian - Solidarity As A Welcome Pathology

It should come as no surprise that the loudest international solidarity that accompanied the continued spate of the killing of Black Americans comes from Palestine; that books have already been written and published by Palestinians about the plight of their Black brethren. In fact, that solidarity is mutual. More>>

ALSO:

Max Rashbrooke: Why The New British Conservative PM Is Talking Inequality

In a major speech, May honed in on one key theme: an economy “that works for everyone”. It was strikingly like the language that the former British Labour leader, Ed Miliband, used in last year’s election campaign, as he put inequality front and centre of his – unsuccessful – political pitch. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news