New Zealand Legislation: Regulations

5A New co-op must prepare preliminary forecasts of estimated total raw milk requirements in each season

• (1) In each season, new co-op must prepare a preliminary forecast of the estimated total raw milk requirements of—

  • (a) each independent processor for the season; and

  • (b) all independent processors for the season.

  (2) The preliminary forecast of the estimated total raw milk requirements of each independent processor for the season is to be based on—

  • (a) the total quantity of winter milk actually supplied to the independent processor in the season; and

  • (b) the estimated total quantity of raw milk to be supplied to the independent processor in October of the season based on an aggregate of the daily estimates provided by the independent processor in July in accordance with regulation 6(2)(a); and

  • (c) the estimated total quantity of raw milk to be supplied to the independent processor in all other months of the season based on the quantity estimated under paragraph (b) plus 10%.

  (3) The preliminary forecast of the estimated total raw milk requirements of all independent processors for the season is to be based on the aggregate of each independent processor's raw milk requirements under subclause (2).

  (4) New co-op must, by the 10th working day in August in a season, provide the preliminary forecasts prepared under subclauses (2) and (3) to the chief executive.

  Regulation 5A: inserted, on 1 June 2009, by regulation 5 of the Dairy Industry Restructuring (Raw Milk) Amendment Regulations 2008 (SR 2008/399).