News and Announcements
Government support for Relivit on the rise
- Published March 11, 2013 10:55AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
On 8th March 2013 Relivit received its first tax refund under the R&D Tax Incentive program, worth $122,000 from the financial year 2011/12. This refund reinforces the fact that Relivit is developing its own IP through research and development. Relivit hopes that future R&D will also be recognised for this financial year and the next, especially as the company works towards opening its first plant near Sydney in 2014.
And in a recent move, NSW Environment Minister Robyn Parker unveiled a new waste and recycling agenda for NSW which includes a $465.7 million five‐year recycling funding initiative and improvements to the waste levy system.
Ms Parker said “The five‐year $465.7 million waste and recycling initiative will deliver economic, employment and environmental benefits for local communities – and provide greater incentives to invest in new innovative recycling infrastructure.”
The Waste and Resource Recovery Initiative1 includes $250 million for Waste and Recycling Infrastructure including:
- $70 million for new services for household problem wastes,
- a $70 million organics infrastructure fund, and
- a $60 million Waste and Recycling Infrastructure Fund.
To read the full announcement, please download the document below.
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