Proposed ban of a third tranche of single-use plastic items

ACIL Allen shall not be liable in respect of any claim arising out of the failure of a client investment to perform to the advantage of the client or to the advantage of the client to the degree suggested or assumed in any advice or forecast given by ACIL Allen. [...] Removed items contribute significantly to the NPV because, in the economic modelling, an item removed from the market only counts the saved costs to businesses, consumers and the environment and not the lost consumer or producer surplus resulting from the ban of a product. [...] The Assessment of the presence of microbeads in rinse-off personal care, cosmetic and cleaning products currently available within the Australian retail market conducted by the Department of Agriculture, Water and the Environment in 2020 found that out of 8,100 unique products inspected, only 0.7% contained microbeads.70 Furthermore, the Plastic Reduction and Circular Economy Act 2021 bans the sup. [...] The next chapters of this RIS examine the case for phasing out SUP items in the ACT and the costs and benefits of regulation. [...] Proposed ban of a third tranche of single-use plastic items Regulatory Impact Statement 20 Authorised by the ACT Parliamentary Counsel – also accessible at www.legislation.act.gov.au 4 Objectives and options 4 4.1 Objectives of government action The proposed Regulation aims to support the objectives of the Act and reduce the: — use of plastic in the ACT — impact of plastic on the environment, incl.