LEANZ, Law and Economics in New Zealand

Next Auckland Seminar

Next Auckland Seminar


Title: What’s Right and What’s Wrong with New Zealand Dairy Sector Institutions?

Date: 30 April 2019

Time: 5:00 pm refreshments for 5:30-7:00 pm panel discussion, with opportunity for further refreshments and chats 7:00-7:30 pm

Venue: Bell Gully Auckland, Level 21, Vero Centre, 48 Shortland Street, Auckland


  • Alex Sundakov, Executive Director, Castalia
  • Alex Duncan, Consulting Economist, Finology
  • Phil Barry, Director, TDB Advisory
  • Tony Baldwin, business consultant, A E Baldwin New Zealand

About the topic:

The New Zealand dairy sector remains a key contributor to New Zealand’s exports and wider economic performance. It is facing increasing pressure over environmental degradation and competition for water resources, while the industry’s regulatory arrangements are also under review. Four prominent commentators each discuss what’s right and what’s wrong with the sector’s institutional arrangements, speaking for 15-20 minutes and taking questions for five minutes.

About the speakers:

Alex Sundakov is Executive Director of Castalia, having had previous roles at Treasury, IMF and NZIER. He is based in Sydney and leads many of the firm’s consulting assignments on competition and regulatory matters and investment transactions in the Asia-Pacific region. Alex has had a long involvement in the New Zealand dairy sector. He worked on competition issues around mergers of dairy cooperatives leading up to the formation of Fonterra (including the mega-merger attempt) and advised on the Dairy Industry Restructuring Act (DIRA). He advised the Livestock Improvement Corporation on the creation and listing of its investment share and provided advice to Fonterra Shareholders’ Council on trading among farmers. Over the past 5 years he has been actively involved in the debates and Commerce Commission processes for the application of the Milk Price Manual.

Alex Duncan is a Consulting Economist with Finology.  As a Senior Advisor to the CFO at Fonterra 2002 to 2015, Alex initiated the establishment of Fonterra’s Global Dairy Trade auction and largely conceived and led Fonterra’s “trading among farmers” capital structure changes.  Prior to that he was Corporate Finance Partner in Arthur Andersen and advised on the formation of Fonterra.  He was an advisor to the Treasury on major corporate tax reforms in the mid-1980s and 1990s and, as head of the economics function of the Fishing Industry Board from 1980-85, he was deeply involved in the design, advocacy and implementation of the Quota Management System.

Phil Barry is Director of TDB Advisory, which he co-established in 2002. As a former senior Treasury official, Phil was involved in a range of reforms across the NZ economy, including those leading to the formation of Fonterra. TDB regularly advises clients in the dairy sector, including Goodman Fielder and Westland Milk, and publishes an annual Dairy Companies Review. Last year, Phil co-authored an assessment of whether Fonterra had delivered the financial benefits projected when the company was formed.

Tony Baldwin specialises in providing corporate advisory, project management, and public policy services to private and public sector organisations.  Tony trained as a corporate lawyer with Chapman Tripp, interned for US Senator Carl Levin, worked in France for electronics multi-national, Thompson-CSF, then spent several years in the Department of Prime Minister and Cabinet, leading the officials teams in the break-up of ECNZ and related electricity market regulatory policy, and then led the project team that deregulated and reorganised multiple producer boards, including dairy.  Prompted by a lack of external scrutiny at the formation of Fonterra, Tony has provided periodic commentary on Fonterra issues and performance.

Queries about the event can be directed to:

Richard Meade, richard.meade@cognitus.co.nz



Many thanks to all our members who have already renewed their LEANZ membership for 2019 - your ongoing support is greatly appreciated. LEANZ's work is supported entirely through voluntary donations, the generous support of our event hosts, and the time freely given by our speakers and LEANZ's organising committee members.

As well as supporting LEANZ's work, members are entitled to vote at our AGM. If you would like to renew your membership for 2019, or to become a LEANZ member, please consider visiting our membership page at: http://www.leanz.org.nz/membership.


CPD Hours:

Lawyers may note that if this seminar is part of your learning objectives in your CPDPR, then the seminar can count for one hour of your 10 CPD hours. Please contact a LEANZ representative at the seminar to confirm your attendance.

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