Waste Reduction and Recycling Act 2011

The circular economy principle is the principle that, to promote waste avoidance and minimise the impact of waste on the environment and human health, all products and materials should be kept in the economy for as long as they have value or remain useful.

The circular economy principle recognises that—

waste generation can be avoided by—

manufacturers designing, to the greatest extent practicable, their products and materials to be circular products and materials; and

business and industry adopting new business models that support and incentivise the use of circular products and materials; and

remanufacturing facilities being co-located at, and collaborating with, resource recovery facilities to prevent circular products and materials being disposed of to landfill; and

unavoidable waste should be managed in accordance with the precepts of the waste and resource management hierarchy mentioned in section 9(c) to (g); and

ecosystems are regenerated by reducing the demand for virgin materials; and

the adoption of circular products and materials should be incentivised in ways that increase the value of the products and materials.

A circular economy is an economy in which all products and materials are kept for as long as they have value or remain useful.

In this section—