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The Department of Climate Change, Energy, the Environment and Water (DCCEEW) has released the National Framework for Recycled Content Traceability, which aims to transition to country to a circular economy by driving the reuse of recovered plastics, glass and other materials into new products.

The primary objective of the National Framework is to enhance the level of trust in recycled materials by providing guidance to businesses on how to collect and effectively share pertinent information regarding recycled materials.

The Framework utilises the GS1 Traceability standard to provide companies with a structure for tracking and tracing product as they move from origin to destination, which is a critical requirement in managing recycled materials.

“We welcome the delivery of this important framework. It will provide guidance to industry on how to manage recycled content,” said Maria Palazzolo, executive director and CEO of GS1 Australia.

“We are particularly pleased that government has reference the use of GS1 standards to solve some of the problems identified. Invoking standards that are already in use by more than 22,000 Australian businesses will make the task of implementing the framework considerably easier.”

GS1 concludes by saying the launch of the National Framework for Recycled Content Traceability is a testament to the Australian government’s commitment to sustainability, and is expected to contribute substantially to strengthening the nation’s recycling sector.

Food & Drink Business

In a FY26 trading update, Bubs Australia forecasts revenue of $105–115 million but warns that reported EBITDA could land anywhere from –$2 million to +$2 million.

International Flavors & Fragrances Inc. (IFF) has entered into an agreement to sell its Food Ingredients business to funds advised by global private markets manager, CVC Capital Partners, in a transaction that values the business at approximately $6 billion (US$4.3 billion).

Australian Vintage has secured a $128 million debt refinancing through to March 2028, with an option to extend a further year to 2029, as the McGuigan wines owner reports a significant second-half cash turnaround and upgraded sales momentum heading into FY27.