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


More Time To Study Dairy "Mega-Merger"

Commission And Interested Parties Get More Time To Study New Information About Dairy "Mega-Merger"

The Commerce Commission has extended its timetable for the dairy "mega-merger" decision so that it and interested parties can have time to consider fully new information to be provided by the Dairy Board and dairy companies.

Commission Acting Chairman Mark Berry said that the draft determination, which will give the Commission's preliminary view, will now be issued on August 27. The conference will be on October 5-8 and the final decision will be issued some weeks after that at a date yet to be finalised.

Mr Berry said that the applicants-the Dairy Board and nine dairy companies-have yet to provide the Commission with full details of what they would divest if they merged into one company. This information is crucial to the Commission's ability to assess the proposal.

"All interested parties must be given a fair opportunity to comment on the relevant information," Mr Berry said. "This proposal has the potential to make huge changes to their industry and their livelihoods.

"It also has the potential to impact on New Zealand's whole economy. Dairying is our biggest industry and the mega-co-op would be the country's biggest company by far.

"It would be irresponsible of the Commission to make such a major decision without having the time to fully analyse new information and without giving interested parties reasonable time to provide informed comment.

"The Commission asked the applicants to agree to an extension of time to allow these things to happen. Today, the applicants agreed to the extension."

Further information will be released by the Commission when it is able to do so.


The Commission's previous timetable had been to issue the draft determination on August 5, hold the conference on September 8-10 and issue its final decision on September 28.

© Scoop Media

Business Headlines | Sci-Tech Headlines


FIRST Union: Do Shareholders Realise Marsden Point Conversion Could Cost More Than Half A Billion Dollars?

FIRST Union, the union representing workers at Refining NZ, are querying whether shareholders voting on Friday on whether to convert the Marsden Point refinery to an import-only terminal realise the conversion could cost $650-700 million dollars... More>>

Civil Contractors: Massive Rebound In Civil Construction Business Confidence

New Zealand’s civil construction industry is riding a massive rebound in post-pandemic business confidence – but this may be undermined by skills shortages, which continue to be the industry’s number one challenge... More>>

Energy: Feeling Our Way Towards Hydrogen - Tina Schirr

Right now hydrogen is getting a lot of attention. Many countries are focusing on producing hydrogen for fuel, or procuring it, or planning for its future use... More>>

ASB: New Support Finder Tool Helps Connect Customers With Thousands In Government Support

ASB research alongside benefit numbers from the Ministry of Social Development shows an increased number of Kiwis are struggling financially, and many may not be aware they’re eligible for government support... More>>

Housing: New Home Consents Continue To Break Records

A record 44,299 new homes were consented in the year ended June 2021, Stats NZ said today. “The annual number of new homes consented rose again in the June 2021 year, the fourth consecutive month of rises,” construction statistics manager Michael Heslop said... More>>

Real Estate: June Home Transfers Remain High
There were 44,517 home transfers in the June 2021 quarter, the highest June quarter figure since 2016, Stats NZ said today. The number of home transfers was very similar to the March 2021 quarter and was up 18,252 from the June 2020 quarter... More>>