Government support for Relivit on the rise

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.