27 Jul 2012

Focus on Politics for 27 July 2012

From Focus on Politics, 6:38 pm on 27 July 2012

Parliament has this week passed the biggest constitutional changes to the dairy industry since Fonterra was formed more than a decade ago. The controversial Dairy Industry Restructuring Amendment Act, or DIRA as it's known, allows farmers to trade shares amongst themselves. But it also allows outside investors to have access to the dividend income from shares - which opposition parties say spells the end of Fonterra as a farmer cooperative.