15How recycling targets may be met

15 How recycling targets may be met

When target is exceeded in a financial year (1) If a recycling target is exceeded in a particular financial year by a particular amount (the excess amount), all or part of the excess amount may be used to meet the recycling target in a subsequent financial year. (2) However, only up to 25% of the recycling target for a subsequent financial year may be met from the excess amount. When target is not reached in a financial year (3) If a recycling target is not achieved by an approved co‑regulatory arrangement in a particular financial year: (a) the co‑regulatory arrangement is taken not to have achieved the outcomes for the arrangement in the financial year; and (b) the amount by which the co‑regulatory arrangement fell short of the recycling target for that financial year must be added to the recycling target for the arrangement for the next financial year.