Fonterra capital structure rejig to speed through Parliament, Damien O'Connor says 7 May, 2021 05:40 AM 5 minutes to read Agriculture Minister Damien O'Connor has been a vocal critic of Fonterra's capital structure. Photo / File Agriculture Minister Damien O'Connor has been a vocal critic of Fonterra's capital structure. Photo / File Agriculture Minister Damien O'Connor says he will assist Fonterra's board in speeding through change needed to dairy industry law to accommodate a capital restructure. Fonterra's board hopes to put a proposal for significant capital structure change to a vote by the company's farmer-owners around November annual meeting time, but it will also require an amendment to the Dairy Industry Restructuring Act (Dira) which oversees New Zealand's biggest business and the $10 billion dairy industry.