Fonterra is happy to comply with government conditions on its capital rejig.

The Dairy Industry Restructuring Act needs to be changed but the Government wants one more minister on the Milk Price Panel for more transparency.

Fonterra would need to contract a financial institution for the farmer-only share trading market - and do independent analysis of the share price performance for farmer-owners.

The company's chief financial officer Marc Rivers told Mike Hosking he's pleased there's government support, albeit with a few conditions.

He says farmers' voices were clear in December, with a strong vote for flexible shareholding.

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