New Zealand Legislation: Regulations
Regulations are laws made under Acts
(1) New co-op may require an independent processor to contract to buy a quantity of raw milk not exceeding 80% of the quantity of raw milk estimated by the independent processor under regulation 6(2)(b) or regulation 7(2)(a)(ii) or (b)(ii).
(2) An independent processor may require new co-op to contract to sell a quantity of raw milk not exceeding 120% of the quantity of raw milk estimated by the independent processor under regulation 6(2)(b) or regulation 7(2)(a)(ii) or (b)(ii).
(3) New co-op or an independent processor may require that a contract for new co-op to supply raw milk to an independent processor includes terms that are reasonable having regard to industry practice before the commencement of these regulations.
(4) New co-op may require an independent processor to contract to notify new co-op of its actual requirement for raw milk by noon on the day before the raw milk is to be supplied.
(5) This regulation does not allow new co-op to require that a contract to supply raw milk to an independent processor includes a take or pay requirement.