Professor Paul Wood will compete with Mark Neal for reelection to Dairy Australia's board.
Peak lobby body Australian Dairy Farmers is the rightful owner of an $11 million fund that had been claimed by ADIC.
Australian milk production continues to fall, despite higher milk prices in a number of regions this season.
Fonterra has delayed the announcement of its 2018-19 results as it grapples with sorting the $NZ820 million-$NZ860 million asset write down it announced last month.
New Zealand-based candidate Mark Neale has attained the 100 signatures he needs to force an election for a place on the Dairy Australia board.
Dairy Australia's milk production figures were incorrect for almost a year by 250 million litres before they were adjusted.