New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) The Governor-General may, by Order in Council made on the recommendation of the Minister, make regulations that—
(a) impose obligations on new co-op to publish information about its business, including the following information:
(i) the price of a co-operative share:
(ii) the price of a peak note:
(iii) the peak note standard:
(iv) the pay-outs to shareholding farmers for the supply of milk to new co-op:
(v) forecasts of the price of dairy goods and services, including components of those prices and information used to calculate those prices:
(vi) prices for dairy goods or services, including components of those prices and information and methodologies used to calculate those prices:
(vii) the total volume of dairy goods or services that new co-op has contracted to supply to independent processors under regulations made under section 115, for current or future seasons:
(viii) the market price of capital notes:
(ix) average premiums payable for winter milk in particular areas; and
(b) prescribe when and how the information must be published; and
(c) prescribe the form of statutory declaration and who must provide it under section 117(4).
(2) Disclosure of information required by regulations made under subsection (1) is not an offer nor an advertisement under the Securities Act 1978.
