The Albanese Labor Government is committed to a strong dairy industry in Australia and is today releasing the second review of the Dairy Code.
The Competition and Consumer (Industry Codes-Dairy) Regulations 2019 (Dairy Code) is a mandatory code under the Competition and Consumer Act 2010 that regulates the conduct between a dairy farmer and dairy processor.
The second review found that the Code is succeeding in its role in ensuring fair, equitable opportunities across the dairy industry.
The review also makes a number of key recommendations, which will reduce red tape for industry and improve education of and understanding of the code.
The eight recommendations will provide greater flexibility and clarity for both farmers and processors.
Introduced in 2020, the Dairy Code provides important protections for farmers and processors, ensuring fair trading, greater transparency and improved outcomes across the dairy supply chain.
Carried out by the Department of Agriculture, Fisheries and Forestry, the review followed an earlier evaluation of the code in 2021.
The second review examined the role, impact and operation of the Dairy Code to assess whether it remains fit-for-purpose, and was informed by extensive industry consultation.
It provided all stakeholders with the opportunity to contribute advice and evidence on the Code's operation.
Dairy farm incomes are well above long-term averages and milk prices remain strong, reflecting the Albanese Government's commitment to a thriving dairy industry.
Dairy exports hit a record $3.7 billion in 2024-25, with Australia ranked fifth globally, supported by new trade agreements, improved market access, and targeted initiatives to grow demand.
