Commonwealth Consolidated Regulations

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COMPETITION AND CONSUMER (INDUSTRY CODES--DAIRY) REGULATIONS 2019 - REG 27

Minimum price--retrospective step downs prohibited in all circumstances

  (1)   The milk supply agreement must not allow retrospective step downs.

  (2)   A retrospective step down is a variation of the milk supply agreement that reduces a minimum price for milk supplied under the agreement before the variation occurs.



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