The ACCC has decided to grant authorisation to enable paint manufacturers and importers to agree to impose a 15 cents per litre (plus GST) levy on Architectural and Decorative (A&D) paint.
The ACCC has given regulatory approval for Dulux Group, PPG Industries, Valspar, Haymes and Resene, which between them produce more than 90% of architectural and decorative paint sold in Australia to fund a national collection scheme for waste paint.
The scheme will be operated by Paint Stewardship Ltd from May 2016. Stage one of the roll-out, will have sites in the mainland State capitals with Tasmania, ACT and NT to come by end 2016. Stage two will move to major regional centres throughout 2017.
The industry also will fund research to find better uses for unwanted paint. Typically, waste paints diverted from landfill have been used to replace fossil fuels in energy consumption. There has also been small scale recycling into reusable paint.
The authorisation is effective to 1 June 2021.
For further information about the ACCC determination, please visit the below link