ACCC grants new authorisation for Tyre Stewardship Scheme
The Australian Competition and Consumer Commission (ACCC) will grant the Tyre Stewardship Scheme (TSS), administered by Tyre Stewardship Australia (TSA), a new authorisation for a further six years. The Tyre Stewardship Australia was established in 2013 as an industry cooperative scheme, with the support of State and Federal Governments. The initial five-year ACCC authorisation allowed the TSS the ability to fund its operations through the application of a 25 per cent EPU (Equivalent Passenger Unit) consumer levy. The ACCC’s determination will come into force as a new authorisation on June 15, 2018.
“We have decided to authorise provisions of this scheme for a further six years, as the scheme is likely to increase the number of tyres being disposed of in an environmentally friendly way and result in a net public benefit. The ACCC also considers it is likely that public benefit will be generated through the research and development financed by Scheme levy funds. In particular, the ACCC considers that TSA’s proposed research and development, coupled with its industry and public awareness activities, could assist in developing industry recognition of the commercial value of end of life tyres and identify potential markets for tyre derived products,” said ACCC Commissioner Roger Featherston.
Welcoming the ACCC determination, TSA Chairman, David Spear, said: “Tyre Stewardship Australia are pleased by the ACCC determination and new authorisation of the Tyre Stewardship Scheme, which commences from June 15, 2018. It recognises the value the TSS has been able to deliver and the work that TSA has done to set-up future improvements in the sustainable management of end-of-life tyres. We have welcomed and valued the input from the many interested parties and look forward to progressing TSA’s future objectives.”