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Small business contacts continue to rise during pandemic
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UPDATED: ACCC alleges Lactalis Australia Dairy Code breaches
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The Hon David Littleproud MP
Minister for Agriculture, Drought and Emergency Management
• The public submission period for the first review of the Dairy Industry Code of Conduct will be open from 5 July 2021 to 15 August 2021.
• The Australian Government is establishing a Dairy Code Review Reference Group to support the first review of the Dairy Code of Conduct.
The Australian Government has started its review process into the Dairy Industry Code of Conduct.
Minister for Agriculture, Drought and Emergency Management, David Littleproud, said the Australian Government will be seeking input from the dairy reference group, dairy farmers, processors, and industry groups.
“The Dairy Code of Conduct was introduced on 1 January 2020 to even out market imbalances in the dairy industry,” Minister Littleproud said.
Date Time
ACCC to scrutinise dairy code compliance as 1 June deadline approaches
The ACCC is urging dairy farmers and processors to be aware of their rights and obligations under the Dairy Code of Conduct ahead of the 1 June deadline for publishing next financial year’s milk supply agreements.
The mandatory code requires most dairy processors to publish standard form milk supply agreements to cover all the circumstances in which they intend to purchase milk in the coming financial year on their websites by 2pm on 1 June. This allows farmers to compare processors’ minimum prices and contract terms.
Dairy processors must also publish by 1 June a report that details information about disputes connected to their milk supply agreements that were subject to mediation or arbitration in the 12 months to 30 April. Importantly, processors whose milk supply agreements were not subject to disputes must still meet this reporting obligation.
Introduction
Economics is in essence concerned with how we grow the pie , and how we divide the pie . The importance of the latter has for a number of economists waned in recent years, which is unfortunate.
The ACCC does not directly target economic growth or inequality, but our work has important implications for both. For example, a lack of competition will see less investment, innovation and lower productivity. Unchallenged economic rents, of course, favour those who benefit from them at the cost of those who do not.
These points are more important than ever with the continuing effect of and recovery from COVID-19.
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