Financial benefits for businesses that recycle oil

Overview

Product Stewardship for Oil Program aims to support and encourage the environmentally sustainable management of used oil.

Under the program, a levy (in the form of excise and customs duty) is collected on all petroleum-based oil or their synthetic equivalents produced in or imported into Australia. This levy is used to provide benefits to recyclers of used oil and users of gazetted oils.

The program pays a benefit in cents per litre of oil in 8 categories:

• categories 1 – 7 for recycling used oil
• category 8 for using gazetted or eligible oil in a gazetted or eligible use

More information on the rates is available at the Australian Taxation Office (ATO).

Check if you can apply

To apply you must:

• be licensed to manufacture excisable products
• recycle oil or use recycled oil in your business