500,000,000 deposits @ $0.10 refund = $50,000,000 worth of refunds.
That doesn’t seem right. Melbourne must be rich!
They’re probably making money off of this because as soon as the program became active, mysteriously everything went up by 10 cents.
Eh, SA has had a CDS program since 1977, I imagine they’ve paid out a fair bit more. Also the funds for the CDS program aren’t coming from the governments budgets, companies have to contribute 10 cents into the program for every bottle/container they sell. So in reality, the government would probably make a profit from it considering how many cans and bottles don’t get recycled through the CDS.
Also, in case you’re from the other side of the pond, 50M AUD is only worth about 33M USD or 26M GBP, so it isn’t very much
Divided by the 6.6 million people in Victoria it adds up to $7.50 per person, over about 6 months.
And then we also have the NSW couple who earned $11k for their wedding.
