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Plastic Reduction and Circular Economy Act 2021
24Purpose of Part
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24 Purpose of Part
24 Purpose of Part
(1) The purpose of this Part is to provide, by imposing conditions on approved action plans, financial assurances to secure or guarantee funding for or towards the carrying out of actions required to meet product stewardship requirements or targets.
(2) A financial assurance must not operate as a penalty for a contravention of this Act, the regulations or the conditions of an approved action plan.