When DIRA was passed in 2001, open entry was seen as a foundation of the regulatory regime that was established as a way to manage the risks associated with a company that had market dominance. At the time, Fonterra controlled around 96 percent of farmers' milk production and had a near monopoly in New Zealand of domestic consumer markets. There were concerns that Fonterra's market dominance could impact on the performance of the dairy industry and, being a dairy nation, on our economy as a whole. The bill as introduced retained the requirement for open entry but recognised that there were aspects that needed to be adapted, particularly in regard to giving Fonterra more control in how they were able to manage their investment in processing capacity. The bill, therefore, sought to include measures that provided Fonterra more business autonomy but that also didn't allow Fonterra the right of carte blanche. 