Does the recent announcement by the Federal Government of a commitment to divert waste from landfills and effectively transform recycling present opportunities for your business?
Need to upgrade your own equipment so you can take advantage of new opportunities?
Well the clock is ticking on a number of fronts so now is the time to get in quick and talk with Jade Equipment Finance about a cheap loan to purchase your new trucks and equipment.
Changes to Waste and Recycling Industry
The Federal Government has announced a major commitment of $190m to transform the waste and recycling industry in Australia. On 6 July 2020, Hon Sussan Ley, Minister for the Environment made the announcement which is timed to meet the impending deadlines on banning the exports of unprocessed waste.
You can read the Minister’s full statement for the specifics but we’ll cover the highlights so you can see where your business may seek opportunities.
Australia has been exporting much of its waste recycling but only around 12% of plastics are recycled and the rest goes into landfill. In quite a publicised move, in 2018, China was the first country to flag a crackdown on waste from Australia and that was followed by other countries.
So the country needs to find new ways to dispose of this previously exported waste and to find a solution for all the rest that is currently going into landfills.
The Government announcement is designed to put valuable materials back into the economy through major infrastructure investment to transform the recycling sector.
What’s the hurry? Well, the export bans are fast approaching after the roll-out was delayed due to the COVID-19 crisis. Glass exports are first – exports of glass waste banned from 1 January 2021, from 1 December 2021 a ban on exporting whole new tyres comes into effect, from 1 July 2022 the ban on unprocessed single resin/polymer resins starts and from 1 July 2024 mixed, unsorted cardboard and other paper will be prohibited from being exported.
According to the Government, Australians want to know that their recycling efforts are being rewarded and the waste used to create new products, not just going to landfill. The announcement by the Minister is aimed at creating a circular economy – creating new products from recycled materials right here in Australia. Creating jobs and business opportunities!
Cheap Equipment Finance - Capture Your Opportunities
So where does your business fit into this?
Are you a supplier or contractor in the waste or recycling sector?
Operate a processing plant or transport materials to/from the plants?
What equipment do you need to take advantage of these new government initiatives by capturing your share of the business?
Those are questions you will have to address yourself. But what we can answer is who you can approach to source the finance to acquire the equipment.
We provide finance to all types of businesses – sole traders, owner-operators, SMEs and large corporations for the purchase of all types of equipment. If you require new specialised trucks, plant and machinery, heavy duty equipment or perhaps IT systems to better manage the increase in your business, Jade can assist with cheap loans including recycling and waste equipment financing.
Equipment Loan Types
Depending on your individual business structure and financial objectives, Jade offers a complete portfolio of loan products to suit:
- Chattel Mortgage
- Equipment Leasing
- Rent to Own Finance
- Commercial Hire Purchase for Equipment
These loan types differ in suitability to cash or accruals accounting methods, treatment of GST and tax and other aspects so we advise discussing this with your accountant.
They may differ in approach but all Jade Equipment Finance deals all include:-
- Jade’s best, cheap interest rates
- Fixed interest rates
- Fixed Loan Terms
- Fixed Monthly Repayments
Impending Deadlines
Your Jade consultant will act quickly to get you a quote and on approval can provide fast approvals and swift settlements so you can take delivery of your equipment to meet any deadlines. In particular the Instant Asset Write-Off initiative which has a 31 December 2020 deadline!
Don’t waste your time haggling with the bank and waiting for callbacks from multiple finance companies for quotes on your finance. If you want to move quickly on upgrading your recycling and waste industry equipment, then just call Jade. One call gives you access to multiple banks and lenders and someone to do the hard work of finance sourcing for you.
To discuss a cheap equipment finance deal, contact Jade Equipment Finance on 1300 000 003
DISCLAIMER: THE INFORMATION PROVIDED IS FOR GENERAL CONSIDERATION. ANY REFERENCE TO OFFICIAL GOVERNMENT POLICIES HAS BEEN SOURCED FROM AUSTRALIAN GOVERNMENT AND STATE GOVERNMENT SOURCES. NO LIABILITY IS ACCEPTED FOR ANY ERRORS IN THE PRESENTATION OR INTERPRETATION OF THE FACTS AS PROVIDED BY THESE SOURCES. WE ADVISE ALL INDIVIDUALS AND BUSINESSES TO REFER TO THEIR ACCOUNTANT OR FINANCIAL ADVISOR FOR PROFESSIONAL ADVICE SPECIFIC TO THEIR INDIVIDUAL CIRCUMSTANCES.
