Yesterday (10 June) Minister for the Environment Greg Hunt released the outcome of the NTCRS review.
There was some indication that the targets may increase, and this has been reflected in the outcome, with Option 3 (of the different options under consideration) to be adopted.
The key points of the changes are:
- Recycling target to increase in 2015/16 to 50% or an estimated 10,050 additional tonnes – 53,000+ tonnes in total
- Over four years, an additional 32,279 tonnes of e-waste to be recycled
- Product weight conversion factors to be “fairer and more affordable” for liable parties, saving $71M over next the next 10 years
- The Australian Standard will be mandated, however recyclers will have until 1 July 2016 to become certified to the standard
The Minister acknowledged “the vital role of the television and computer industries in funding the scheme”.
ANZRP will issue further information and feedback about the announcement in due course.