Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Government to study dairy merger proposal

Government to study dairy merger proposal

The Government has welcomed a proposal by Kiwi Dairy and New Zealand Dairy Group companies to restructure the dairy industry, Agriculture Minister Jim Sutton said today.

The companies made public the "mega-merger" proposal this afternoon.

Mr Sutton said the dairy industry was a crucial one for New Zealand. Dairy exports were worth about 25 per cent of all export earnings.

"This proposal will be studied extremely carefully. It is a top priority for the Government."

However, Mr Sutton said there were some complex public policy issues and these could take some time to work through.

"The request from industry and the challenge to Government is to move from laws designed to stop a highly fragmented industry from falling apart, to laws that prevent a monolith from falling to the temptations of monopoly power."

He said that while the Government would give very high priority to the process in the new year, the industry's preferred timetable was very optimistic.

"Indeed, given the number and complexity of the public policy issues raised, it doesn't seem likely to be possible."

Mr Sutton said that, with an industry as important to the future of the New Zealand economy as dairy was, the Government needed to be sure that all issues had been carefully assessed.

This included aspects of competition law.

"This is clearly a major issue for Government in terms of making judgements as to the public interest. We're going to have to decide quite quickly whether that decision should be made by the Commerce Commission, which has been set up to make such decisions, or whether the deal is so unique in New Zealand's commercial history that it should be made by ministers."


ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Malaysia Exposing Our Dodgy Policies On China

Last week, we all owed a vote of thanks to Malaysian PM Mahathir Mohamad for breaking with protocol during his bilateral meeting in Singapore with New Zealand PM Jacinda Ardern. Reportedly, Mahathir used the photo opportunity phase of the meeting – which usually involves just an exchange of smiles and pleasantries before the media is sent out of the room – to launch into matters of genuine substance.

By doing so, Mahathir usefully exposed how New Zealand is trying to make a virtue out of sitting on the fence over the South China Sea dispute. More>>

 

Climate Change: Top Academics Call On Government To Take Action

One hundred and fifty academics and researchers from around Aotearoa, including Dame Anne Salmond, Emeriti Professors and several Fellows of the Royal Society, have signed a strongly-worded open letter to the Government demanding bold and urgent action to tackle climate change. More>>

ALSO:

Teacher Qualifications, Class Sizes: Ten Year Plan For Early Learning

“Moving towards 100 percent qualified teachers in early childhood education centres and improving adult:child ratios are among some of the key proposals for change put forward by the sector and experts in the new draft ten year strategic plan for early learning,” Chris Hipkins said. More>>

ALSO:

Teacher Strikes: Meeting, March And Rally In Wellington

Throughout the Wellington region the NZEI rolling strikes entered their final day Friday. Thousands of teachers met in Wellington, Kapiti, Porirua and the Wairarapa. More>>

ALSO:

14/11: Two Years’ Progress Since The Kaikoura Earthquake

Mayor John Leggett said it was a day for reflection, but also a time to recognise the work by many people to support progress towards recovery made across Marlborough since November 2016. More>>

ALSO:

Pike River: Mine Drift Re-Entry Plan To Proceed

“I’ve decided the Te Kāhui Whakamana Rua Tekau Mā Iwa - Pike River Recovery Agency, recommended course of action to enter the drift, using the existing access tunnel, is by far the safest option,” said Andrew Little. More>>

ALSO:

Appointments: New High Commissioner To Australia Announced

“Dame Annette King needs no introduction given her long running career as a parliamentarian where she has previously held a number senior Cabinet portfolios, including Justice, Police and Health. She also was Parliament’s longest serving female MP with 30 years’ service,” said Mr Peters. More>>

ALSO:

Two Years Since Kaikoura: Silvia Cartwright To Lead Inquiry Into EQC

“The inquiry will be the first of its kind under the Public Inquiries Act 2013 and will have all the powers of a Royal Commission, be independent of Government and make its report directly to the Governor-General. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels