The proposal would commence from 1 July 2022 and consists of 6 components. These would be ongoing, unless specified otherwise below.

Component 1 would increase the credit facility of the Clean Energy Finance Corporation (CEFC) by an additional $500 million to invest in waste avoidance and resource recovery initiatives. The additional funds would be rolled out in line with previous CEFC lending arrangements.

Component 2 would provide $50 million of funding over 10 years to establish a plastics research centre in Hobart, with operational costs indexed in line with changes in the consumer price index (CPI). Departmental expenses would be included in this amount.

Component 3 would introduce a ban on single-use plastic items by 2025. There would be exceptions for medical uses such as condoms, hospital goods, and plastic straws for people who have a genuine need.

Component 4 would develop a “Made with Australian Recycled Content” label. This label would allow for producers to place a label on products that have been made with Australian recycled content.

Component 5 would provide funding for every council to have ready access to commercial composting facilities. Funding would be limited to the up-front capital costs of establishing the facilities.

Component 6 would introduce a ban on solid waste incineration by 2025. The ban would exclude waste-to-energy through methane capture at landfill or composting facilities, and for heat purposes alone (such as the burning of tyres in a cement kiln).