The federal government has announced a review of the Dairy Industry Code of Conduct.
The public submission period for the first review will open on July 5 and run until mid-August.
The government is establishing a Dairy Code Review Reference Group, to support the review.
Federal Agriculture minister David Littleproud said the government would seek input from the dairy reference group, farmers, processors and industry bodies.
"The Dairy Code of Conduct was introduced on January 1 2020 to even out market imbalances in the dairy industry," Mr Littleproud said.
"It was a recommendation of the ACCC's 2018 inquiry into the dairy industry, which found significant imbalances in bargaining power at each level of the dairy supply chain.
"This review is critical to assessing whether it is operating as intended and delivering the outcomes the dairy industry needs."
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He said initial feedback on the code had been quite positive, but the government was open to hearing how it could be improved.
"We will listen closely to industry's experiences and hear how the Code's requirements are being met, the impact on business relationships, and outcomes" Mr Littleproud said.
"Creating a stronger business environment, healthier market competition, and more competitive supply chains means fairer prices for farmers."
The Code and its requirements can be viewed on the Federal Register of Legislation at https://www.legislation.gov.au/Details/F2019L01610
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