Exchange for Change (EfC) has announced a new and simplified approach to the ACT Container Deposit Scheme (CDS) supplier contributions.

Aimed at helping beverage suppliers, ad in particular small business, by providing price stability and reducing complexity and administrative burden, the new ACT CDS supplier contribution approach will be implemented over two stages.

The first will come into effect from September 2021 where supplier contributions will be calculated using a supplier’s actual supply volumes rather than a forecast.

The second stage will see the introduction of a long-term fixed price per material type with the timing for implementation to be confirmed and dependent on stability in market conditions.

Announcing the changes, EfC CEO Danielle Smalley said the changes have been implemented in response to industry feedback.

“Our goal is to make the ACT CDS a leading example of how business, consumers and government can work together to achieve real outcomes for the environment and the community. These industry-led changes will be a game-changer for small business, with improved harmonisation to other jurisdictions resulting in less administration and more time actually delivering their business.

“We’ve already seen a 23 per cent reduction in the volume of drink container litter polluting our parks and waterways in less than two years. This result has been made possible because of the contribution and support of the beverage industry, and we look forward to continuing to work with industry to ensure the ACT CDS’ ongoing success in reducing drink container litter in ACT while also meeting the needs of business,” she said.

Exchange for Change developed the new supplier contribution approach following extensive consultation, financial modelling and testing.

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