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Lion reducing wholesale pricing in the Territory

On 4 March the Federal Court ruled that the Northern Territory’s ‘Cash for Cans’ Scheme contravenes the Commonwealth Mutual Recognition Act.

On 4 March the Federal Court ruled that the Northern Territory’s ‘Cash for Cans’ Scheme contravenes the Commonwealth Mutual Recognition Act.  

Since the ruling, there has been considerable uncertainty surrounding the Scheme’s future, and Lion has closely consulted its Territory stakeholders in order to determine an appropriate response. Lion’s objective has been to ensure an orderly transition, giving our customers and Territory consumers a reasonable opportunity to adjust to the rollback of the Scheme.

However, given the overall deterioration of the scheme over the past week, it is clear that voluntarily observing the Scheme is not commercially viable nor practical. 

Lion has therefore advised Territory customers that our wholesale pricing will be adjusted immediately, reflecting the fact that Lion will immediately cease including deposit and handling fee costs in connection with the Scheme.

Consumers have until Wednesday, March 27 2013 to redeem deposits on any Lion products already purchased. Beyond this date, redemptions will not be available.

Lion continues to support the NT Bin Network proposal that would provide an initial industry investment of $5 million over 5 years to deliver significant recycling and litter reduction outcomes for the Territory at no cost to consumers. 

The NT Bin Network is supported by Keep Australia Beautiful (NT) and is a flexible, modern and efficient model tailored to local needs.  Lion and its partners are ready to implement the NT Bin Network with the support of the Territory Government.

www.nationalbinnetwork.com.au

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For further information please contact:

Leela Sutton – 02 9290 6645 / 0402 260 540

Tegan Flanagan – 02 8284 3670 / 0419 949 767