No change to ACT CDS supplier contribution pricing for six-months
Exchange for Change (EfC) today announced it will hold the current fixed price per material type for supplier contributions that fund the ACT Container Deposit Scheme (CDS) for an additional six months, effective for invoices issued from August 2022.
The ACT scheme transitioned to a fixed price by material type in February this year.
Danielle Smalley, CEO of Exchange for Change, said the decision to maintain the current fixed price for another six months reflects EfC’s commitment to maintaining long-term pricing certainty and stability for beverage suppliers.
“We hope today’s announcement of no change to the current supplier contribution pricing for the ACT scheme will help the beverage industry to maintain their own pricing stability in what is still an uncertain economic environment.
“Our aim remains to introduce a 12-month fixed price by material type once conditions are more predictable,” Ms Smalley said.
Under the ACT scheme, beverage suppliers pay a fixed price per material type. The weighted average price per eligible drink container they supply into ACT will remain 12.23c (excluding GST) for invoices issued in the six-month period from August 2022 to January 2023 (inclusive).
The scheme operates on a cost-recovery basis with supplier contribution pricing calculated based on extensive modelling using more than three years of scheme supply and redemption trend data, consultation with the beverage industry, and consumer research to understand likely future participation.
“The ACT Container Deposit Scheme continues to go from strength to strength with 63 per cent of ACT residents having participated, resulting in more than 300 million drink containers returned for recycling since it launched in June 2018.
“The ACT scheme also has one of the highest redemption rates in the country, with the latest 12-month rolling redemption rate 75 per cent. That’s three in every four drink containers supplied into ACT being redeemed through the scheme,” Ms Smalley added.
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