Producer fees
Unclaimed deposits
Revenue from recycled materials sold
Their website does state that the scheme is funded by the producer fees, nowhere does it mention the money they stand to get from the recycled aluminium which feels like a pretty big omission! Once the cans go into the machine they become the property of Re-Turn. Member producers will have first refusal on the reprocessed material, at market rates.
Less choice ahead, poor value overall for the consumer
Citation please.
Who is paying the compensation then? Reminds of the PPP in motorways in that if they did not collect enough tolls, us taxpayers footed the bill.
Sign me up for that sort of business where the government guarantees you make a profit.
Two PPPs have that clause (M3 and M18), one of them wasn't getting anything due to traffic figures being too high pre pandemic. I don't know if it has gone back to nothing now.
Neither motorway would have been built without it
True, but M3 to my mind did get subvention. Limerick Tunnel we all pay toward__
A sharp drop in payments by State agency Transport Infrastructure Ireland (TII) to the firm operating the €800m Limerick Tunnel contributed to a 26pc drop in its operating profits of €6.36m last year.
https://www.independent.ie/business/irish/limerick-tunnels-state-subsidy-fell-as-traffic-and-toll-income-grew/38315104.html
New accounts filed by Directroute (Limerick) Ltd show that payments from TII - formerly the National Roads Authority - made up of operating payments and traffic guarantee payments decreased by 27pc last year, from €8.1m to €5.9m.
There is no government guarantee covering DRS.
No government funding towards it and no charge to the public.
The deposit is refundable.
Who is compensating them? Unless the laws of economics are being recalibrated by ReTurn the consumer will henceforth be either directly or indirectly paying more to the refuse collection companies and Return
Yeah, that bit in the FAQs is not the full picture.
The legislation that mandates the whole scheme (S.I. No. 599/2021 - Separate Collection (Deposit Return Scheme) Regulations 2021) states:
(3) (a) The costs of operating a scheme shall be recouped from –
(i) registration fees set by an approved body,
(ii) producer fees set by an approved body on the basis of quantity and material type placed on the market,
(iii) unredeemed deposits as provided for in these Regulations,
(iv) revenue derived from the sale of returned in-scope bottles and containers,
(v) any other income source created by an approved body.
So there's no public money or government funding guarantees.
Time will tell. There was/is no Government guarantee of banks yet we all paid for their incompetence and greed.
What, in your opinion would happen if in 12-18 months ReTurn face financial difficulties?
Plus you only get your deposit back for non-damaged items. In storing, and bringing back, particularly cans, I imagine quite a few will get damaged and so no deposit back.
Got an online shop today, tesco orange dilute 1.5l and their xero cola 2l. Paid deposit on both products.
The bottles and labels are the same as what I got last week, no return logo.
I get what you're saying about softcoded barcodes but what's stopping me from taking last week's bottles down for a refund that I didn't pay deposit on? I guess I'll be digging them out of the recycling bin for the craic, I'd say there's probably 6 in there, €1.50 wooooo
I expect the first port of call would be the industry sources which are funding the scheme.
That's just a guess though, neither of us can predict the future.
The only way Re-Turn would face financial difficulties is if the sale of cans fell off a cliff so there was no deposits being paid and no recycled aluminium to sell on to recyclers.
I highly doubt that would happen but if it did there would be two options
In the current climate my money would be on the first option but in the case of a 2008-style recession, who knows?
I found 5 in scope products at home last night that - according to the barcode checker on the re-turn website - will be accepted at RVMs. 75c coming my way for zero effort woo!!!
Had a load of cans to check yesterday and got annoyed that the barcode checker on the website didn't have a camera option, so I threw this together:
It's a bit crude but it might help some of yiz. Barcodes are checked in the same place as the Re-turn site so should all be the same data.
Well done to you sir - put some ads on there and make a few quid!
You can go search but a minister said it on RTE when the same question came up and I think it is Re-turn paying the compensation
Nothing and Re-turn are aware of this as an initial expense but as not all re-turn products will com back it is a minor cost. The issue is more likely with NI border counties. I am surprised there is no law about recycling tourism brought in as in the USA as states have different values on returns so they brought in laws against transport over state lines for increasing returns. There is even a Seinfeld episode where Kramer does it.
There was a lot of chat about the waste companies putting up charges earlier in the thread.
It died down lately and I don't think it was ever definitively proved one way or the other.
Maybe someone will be able to help ?
Not in this case. You seem to be missing the cans and plastic have value. Effectively (APPROX) return are pay 2c for something worth 5c as all they do is pay the collector. No cost to the consumer other than time
Basically you A add another thing you need to be doing in life or B, You pay another tax upon a tax,
How many time will there be a massive q, with some plonker taking an absolute age & how often will it be full or out of service,m
I am surprised there is no law about recycling tourism brought in
How would you police such a thing? We have an open border with the north remember. The only way around it is if re-turn were to force manufacturers here to have an ROI specific barcode that isn't used in other juristictions
Green Party ministers have already been caught out telling porkies about the scheme... just because they say something in an interview does not make it true.
A is correct you do have to return your container to get the refund.
B is incorrect it's not a tax because you get it back
It would be pretty easy to see if it was being done on a large scale which is really the only concern. One particular RVM having massive input . Cans are going to have the logo on them in a short space of time so easy to tell. There may be something in place I didn't hear about. You can be sure Re-turn will be keeping an eye on it and if you are the store owner letting it happen I am sure they will kick you out of the scheme pretty quickly and your suppliers will be none to happy. Maybe that is why they didn't bother with a law
or you could give them to the local kids to return as they did with bottles back in the day. It won't be long before somebody tries going around and collecting the stuff for 10c a can or a charity doing similar as was also done in the past. A big truck used to come down the street once a month and collect glass bottles with deposits for the council of the blind I believe. Annoying as a kid because you were given the bottles before for extra pocket money
What porkies? You would be hearing from the bin companies if they were going to suddenly lose money.
