Statutory Review of Milk Price Calculation

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Under Section 150O of the Dairy Industry Restructuring Act 2001 (as amended July 2012) the Commission must review Fonterra’s calculation of the base milk price for each season and report on the extent to which it is consistent with the purpose set out in section 150A of the Act.

To assist the Commission’s review Fonterra must provide (by 1 July in each year) the assumptions adopted and the inputs and processes used by Fonterra in calculating the base milk price for the preceding season. They must also provide certification (including reasons) that the assumptions inputs and processes are consistent with the purpose set out in section 150A of the Act.

The Commission is required to make its final report by 15 September each year.

Project timeline

Type Description Indicative date/s
Consultation Issues paper to be released 05/07/2013
Consultation Submissions due issues paper 19/07/2013
Draft Report Draft Report to be released 15/08/2013
Consultation Submissions due on Draft Report 29/08/2013
Final Report Final Report to be released 16/09/2013

Disclaimer

These dates are not official and may change. Please see the Terms and Conditions for further limitations.

Project status

Issues paper to be released 5 July 2013

Documents

Process Paper – Review of base milk price calculation 3 May 2013

(1 documents)

Process Paper - Review of base milk price calculation 3 May 2013 PDF (78 KB)
Published on 03 May 2013