The dry run review was issued on 27 August 2012. It is similar to, but was undertaken before, the reviews contemplated in the new provisions of the Dairy Industry Restructuring Act (DIRA), that were passed by Parliament in July 2012. These new provision were enacted as Subpart 5A of the DIRA.
The purpose of the dry run review is to help inform investors ahead of Fonterra launching Trading Among Farmers (TAF). In particular, the dry run review is intended to show investors how the Government-proposed milk price monitoring regime would work in practice.
The dry run review is a non-statutory review based on the Terms of Reference that we agreed with Fonterra.
Final report on the dry run review
We issued our final report from our examination of Fonterra’s 2011/12 milk price manual and its farm gate milk price calculationon on 27 August 2012. This followed our consideration of the submissions we received on our draft report. Copies of the draft and final reports, and submissions on the draft report can be found on this page.
