Dairy Industry Restructuring Act 2001 (No. 51 of 2001). Country/Territory New Zealand Document type Legislation Date 2001 (2018) Source FAO, FAOLEX Subject Livestock, Food & nutrition Keyword Food quality control/food safety Hygiene/sanitary procedures Milk/dairy products Internal trade International trade Inspection Fraud Authorization/permit Animal production Geographical area Asia and the Pacific, Australia and New Zealand, Oceania, South Pacific Entry into force notes This Act enters into force on 27 September 2001. Abstract This Act, consisting of 169 Sections divided into two Parts and completed by eight Schedules, provides for the restructuring and regulation of dairy industry. The purpose of this Act is to: provide for the transition of the New Zealand Dairy Board to a wholly-owned subsidiary of new co-op and its conversion into a company 12 months after the commencement; remove restrictions on the export of dairy products except for exports to designated markets; provide that Livestock Improvement Corporation Limited is established as a co-operative company that is owned by purchasers of its goods and services and provide for regulation of the core database; promote the efficient operation of dairy markets in New Zealand by regulating the activities of new co-op to ensure New Zealand markets for dairy goods and services are contestable; provide for transitional arrangements following the removal of restrictions on the export of dairy products; make provision in relation to certain taxation consequences relating to the amalgamation; require co-operative dairy companies to enable supplying shareholders to transfer their shares to sharemilkers by agreement. Full text English Website www.legislation.govt.nz References - Legislation Implemented by Dairy Industry (Herd Testing and New Zealand Dairy Core Database) Regulations 2001. Legislation | New Zealand | 2001 (2015) Keyword: Milk/dairy products, Standards, Data collection/reporting, Hygiene/sanitary procedures, Cattle Source: FAO, FAOLEX