The further support follows a temporary assistance package for small to medium sized businesses first announced in June 2018. Support will now be extended another two years to December 2020 taking the total support period to three years.
Deputy Premier and Minister for Regional NSW and Small Business John Barilaro said it was a great result that will give NSW border retailers the confidence to compete with their southern counterparts on a level playing field.
'This will help eligible NSW retailers on the border compete with Victorian businesses that operate outside the CDS scheme and help with their transition to the new market conditions,' Mr Barilaro said.
'It’s clear that the people of NSW are behind the CDS with a recent survey showing 81% of the public support the scheme, with only 6% opposed.
'Almost a billion containers have been deposited in Return and Earn reverse vending machines in NSW since the scheme was launched in December 2017.
'We are committed to growing and supporting regional business so I’m very pleased to be able to deliver a solution that works for border businesses.
'It’s important we deliver relief that keeps businesses competitive and sustainable under the CDS,' Mr Barilaro said.
Individual retail businesses in the southern border area that have been identified by the Independent Pricing and Regulatory Tribunal (IPART) as eligible for assistance under the initial support program will also be eligible for the further assistance.
The NSW Small Business Commissioner (SBC) will work with individual businesses to ensure they receive financial support as well as advice from the NSW Government’s Business Connect service.
NSW Small Business Commissioner Robyn Hobbs said the support package will be guided by the work done through IPART and administered by SBC with support from the NSW Environment Protection Authority.
'The first transitional assistance package has been based on work done through IPART to ensure all issues were considered, and we will continue to work with businesses affected to ensure they received the appropriate support moving forward,' Ms Hobbs said.
The ACT commenced a container deposit scheme in June while Queensland also recently implemented a scheme. Victoria has not committed to a container deposit scheme.
For further information on the NSW CDS Transitional Assistance Program phone 02 8222 4884 or email firstname.lastname@example.org
Visit the Return and Earn recycling scheme for more information.