What the official record says
This Act is the Dairy Industry Restructuring Amendment Act (No 2) . This Act comes into force on the day after the date on which it receives the Royal assent. This Act amends the Dairy Industry Restructuring Act 2001 (the ). The purpose of this Act is to ensure the new co-op fund does not constitute more than 20% of the total number of co-operative shares. After section 109J, insert: New co-op must take all reasonable steps to ensure that the new co-op fund does not, at any time, have a relevant interest in more than 20% of the total number of co-operative shares that are on issue, excluding any co-operative shares that are on issue but have been surrendered to, or have been acquired by, new co-op and have not been cancelled. If there is a contravention of , new co-op must take all reasona