Lower retail petrol prices in the June quarter reflect falls in international prices

Source: Australian Ministers for Regional Development

Retail petrol prices were lower in all capital cities and on average across regional locations in the June quarter 2025, according to the ACCC’s latest quarterly petrol monitoring report.

Quarterly average retail petrol prices across the five largest cities (Sydney, Melbourne, Brisbane, Adelaide and Perth) were 175.7 cents per litre (cpl), a decrease of 6.5 cpl from the previous quarter. Among the five largest cities, prices decreased the most in Brisbane (by 14.4 cpl).

Click to enlarge

The decrease in average retail prices mainly reflected lower international prices for refined petrol (largely driven by international crude oil prices). A higher average AUD-USD exchange rate also helped make the cost of international refined petrol relatively less expensive in Australian dollar terms.

Crude oil prices predominantly trended downward in the quarter, as trade tensions impacted financial and commodity markets. Another influence was the Organisation of the Petroleum Exporting Countries (OPEC) and other crude oil producing countries including Russia (together, OPEC+) agreeing to a further unwind of production cuts.

“Crude oil prices jumped in mid-June following impacts from the Israel-Iran conflict, but they settled and decreased toward the end of June,” ACCC Commissioner Brakey said. “The jump in international prices contributed to average retail petrol prices across the five largest cities briefly moving higher in early July, before reducing shortly after.”

The following figure shows the movements in average retail petrol prices across the five largest cities from July 2023 to July 2025.

Seven-day rolling average retail petrol prices across the five largest cities in nominal terms

 
Source: ACCC calculations based on data from Informed Sources.
Notes: The grey shaded area in the figure represents the June quarter 2025. The blue shaded area in the figure represents July 2025 (the month after the June quarter 2025 ended). A 7-day rolling average price is the average of the current day’s price and prices on the 6 previous days.

Across the five largest cities, seven-day rolling average retail petrol prices increased to 180.6 cpl at the end of the quarter. By the end of July average prices decreased to 168.3 cpl.  

Petrol gross indicative retail differences were 16.4 cpl across the five largest cities in the June quarter, an increase of 2.0 cpl from the previous quarter. Gross indicative retail differences are a broad indicator of gross retail margins and include both retail operating costs and retail profits.

Average retail petrol prices were lower in the smaller capital cities and on average across regional locations

In Canberra, Hobart and Darwin, quarterly average retail petrol prices also decreased. Quarterly average retail petrol prices in Canberra decreased the most among the eight capital cities (by 17.0 cpl).

Across more than 190 regional locations that the ACCC monitors, average retail petrol prices (in aggregate) were 179.2 cpl, a decrease of 5.1 cpl from the previous quarter.

“We were pleased to see lower prices across most locations in Australia in the quarter, providing some relief to motorists,” Ms Brakey said.

Retail diesel prices were also lower in all capital cities

Across the five largest cities, quarterly average retail diesel prices were 178.4 cpl, a decrease of 8.5 cpl from the previous quarter.

Quarterly average retail diesel prices decreased in all capital cities. Diesel prices dropped the most in Hobart (by 13.3 cpl), followed by Sydney and Melbourne (by 10.4 cpl).

Retail diesel prices generally follow international diesel benchmark prices, which accounted for the largest component of retail diesel prices.

The ACCC welcomes a fuel price transparency scheme in Victoria

In August 2025, the Victorian Government made new regulations requiring fuel retailers to provide timely fuel price data as soon as practicable, and no more than thirty minutes after a change in price. This follows the government’s announcement of its Fair Fuel Plan earlier in the year. The pricing data is expected to be available to motorists on the Service Victoria app later this year.

“We encourage motorists to shop around for lower fuel prices as there is often a range of prices available,” Ms Brakey said.

“We have long been an advocate of fuel prices transparency schemes. This fuel price reporting and subsequent publishing will give motorists in Victoria access to near real-time fuel price data.”

Victoria is the last jurisdiction in Australia to establish a fuel price transparency scheme.

Annual average retail petrol and diesel prices were lower in the 2024-25 financial year

The ACCC’s latest report also provides results for the 2024-25 financial year. Across the five largest cities, annual average retail petrol prices were 180.1 cpl, a decrease of 15.0 cpl, or around 8 per cent from 2023–24 (195.1 cpl).

Annual average petrol gross indicative retail differences across the five largest cities were 15.9 cpl, which was the same as the 10-year average, in real (inflation adjusted) terms.

Across the five largest cities, annual average retail diesel prices were 181.9 cpl, a decrease of 18.1 cpl, or around 9 per cent from 2023–24 (200.0 cpl).

The decreases in average retail petrol and diesel prices largely reflected lower international prices for refined petrol and refined diesel.

In each capital city, annual average retail petrol prices in cents per litre, and the change from 2023–24 were:

In each capital city, annual average retail diesel prices in cents per litre, and the change from 2023–24 were:

Melbourne’s commercial property market bounces back

Source: Premier of Victoria

For the first time since 2022, confidence in Melbourne’s commercial property market has turned positive, according to NAB’s latest commercial property survey.

But it’s not just Melbourne. Optimism is spreading across Australia’s commercial property market, with positive sentiment now reported in every sector and every state.

The turnaround in Melbourne is thanks to a strong lift in the city’s office property sector, with retail also showing signs of improvement.

Confidence in Melbourne’s office market jumped to +21 in the latest quarter, the first positive result since the start of the pandemic. This new optimism is being driven by fewer empty offices, hopes that property values will rise, and a generally brighter mood among developers and investors.

This means that for the first time since Covid, people are feeling confident about buying and renting office buildings in Melbourne.

NAB Group Executive Business & Private Banking Andrew Auerbach

NAB Group Executive Business & Private Banking Andrew Auerbach said the positive outlook meant less risk of falling values and more stability for long-term planning.

“With confidence returning to Melbourne’s commercial property market, businesses are feeling more secure about leasing new office space, expanding operations, or even buying property,” said Mr Auerbach.

“We’re seeing renewed interest from both local and interstate investors, and this momentum is creating new opportunities for growth and innovation across the region.”

NAB’s Commercial Property Index is still close to its highest level in eight years, even though it dipped slightly this quarter (+20, down from +24).

“The return of confidence in commercial property more generally, and continued lift in confidence shown in our latest business survey is a positive signal for the broader economy. It suggests that businesses are feeling more optimistic, hiring staff, and planning for growth,” said Mr Auerbach.

The report shows this ongoing recovery is thanks to a combination of strong results in the industrial and hotel sectors, improvements in office and retail (especially in Victoria), growing expectations that property values will rise, fewer empty properties, and easier access to finance for buyers and investors.

More information:

  • *When looking to the next 12 months.
  • The external panel of respondents consists of Real Estate Agents/Managers, Property Developers, Asset/Fund Managers and Owners/Investors.

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Media Enquiries

For all media enquiries, please contact the NAB Media Line on 03 7035 5015

Work set to start on Mundy Street Shared Pathway

Source: New South Wales Ministerial News

The City of Greater Bendigo with $3.74M funding provided by the Victorian Government’s Department of Transport and Planning (DTP) is set to commence work in September on an exciting major project to construct a new protected shared user path along Mundy Street from Back Creek to McCrae Street in the Bendigo city centre.

Work will commence on September 15 in the section of Mundy Street between McCrae Street and Hargreaves Street.  There will be no right or left turns available into Mundy Street from McCrae Street when the work commences on this section.

City of Greater Bendigo Presentation and Assets Director, Brian Westley said the new path will be constructed on the same side of the street as the Law Courts and Salvation Army and is approximately one kilometre in length.

“It will feature a mix of clearly designated shared and separated walking and cycling zones along the various sections of the project,” Mr Westley said.

“It will also include the installation of new pedestrian operated traffic lights where the path meets the arterial road network at Myers Street.

“DTP will also install pedestrian operated signals over McCrae Street near the intersection of Mundy Street. The new traffic lights including the recently installed traffic lights at Chapel and Mundy Streets will provide dedicated, safe crossing points for pedestrians, bike riders and other vulnerable road users and provide access to the Bendigo Creek Trail and the Bendigo Low Line.

“The project will be delivered in stages and while it is anticipated there will be some minor disruption to traffic flows in Mundy Street while the work is underway, access to businesses and properties will remain open at all times.

“City staff will work with any affected businesses and property owners/householders to ensure any disruptions are kept to a minimum.”

The project will:

  • Provide opportunities for people to travel safely off-road between the Bendigo city centre and the popular Back Creek Trail
  • Connect to the Bendigo Creek Trail and Bendigo Low Line
  • Complete a major project identified in six Council strategies
  • Improve community access and liveability, and increase community pride and connection to the Bendigo Creek
  • Support safe travel to and from local schools and events in the Bendigo city centre
  • Enhance other projects being undertaken in the Bendigo city centre such as the Bendigo Low Line that allow people riding bikes to move around safely off-road
  • Reduce traffic by providing sustainable active transport options

Works will commence in mid-September for an anticipated completion by the end of 2026.

Celebrate Spring with some great free events

Source: New South Wales Ministerial News

Spring has arrived and the City of Greater Bendigo is pleased to present a range of free nature-based events as part of the 2025 Spring in the Bendigo Bush program.

City of Greater Bendigo Climate Change and Environment Manager, Michelle Wyatt said the bush around Greater Bendigo comes alive with new growth in spring, making it the perfect time to get out and experience both spring and our wonderful bush surroundings.

“The 2025 Spring in the Bendigo Bush program provides opportunities for participants to learn about Bendigo’s native plants and animals, participate in arts and craft activities, discover the many ways we can all look after our climate and environment, meet people from local environment groups and embark on a nature-themed scavenger hunt through the Hargreaves Mall,” Ms Wyatt said.

“Spring is a wonderful time to discover more about our local environment, its animals and everything our local bushland areas have on offer.”

ACCC will not oppose acquisition of BGC Cementitious after changes to transaction

Source: Australian Ministers for Regional Development

The ACCC will not oppose the acquisition of BGC Cementitious (BGC) by Cement Australia, Holcim, Heidelberg Materials Australia (HMA) and Adbri Pty Ltd.

BGC Cementitious and Cement Australia both supply aggregates, ready-mix concrete (RMX), asphalt and cement among other related products and services in greater Perth.

The ACCC decided not to oppose the transaction after the merger parties amended their original proposal.

“An initial proposed structure for the acquisition of BGC by Cement Australia, Holcim and HMA raised significant preliminary competition concerns for us, particularly in relation to the competitive overlap in RMX and aggregate quarries in Western Australia,” ACCC Commissioner Dr Philip Williams said.

After the ACCC expressed concerns about the initial proposal, a new proposed structure was put forward involving the sale of certain assets to Adbri.

Adbri supplies cement in Western Australia but does not supply aggregates, RMX or asphalt in Western Australia.

The amended acquisition involves BGC divesting WA Cementitious, including cement assets and some limited RMX plants to Cement Australia, Holcim and HMA, with Adbri acquiring the majority of BGC’s RMX assets as well as BGC’s aggregates, asphalt, transport and materials technology centre assets.

“We examined the amended acquisition proposal very closely,” Dr Williams said.

“In particular we looked at both the loss of BGC as a competitor in the supply of RMX and the risk that Cement Australia or Adbri would use their position as cement suppliers to hinder the ability of rival RMX suppliers to compete.”

“While we acknowledge strong concerns from some market participants, we found that Cement Australia and Adbri would be likely to compete with each other to supply cement to RMX competitors after the acquisition.” Dr Williams said.

In reaching its view, the ACCC found that Cement Australia and Adbri would have significant excess capacity in the production of cement in Western Australia.

The ACCC also looked closely at the margins the merger parties earn at various levels of the supply chain, and the profit incentives that would likely drive their decisions post-acquisition.

The ACCC also considered the extent to which the acquirers would have market power and be able to increase the price of RMX across Perth as well as in more localised markets.

The ACCC found, based on a detailed data analysis of existing delivery patterns and the marginal cost of servicing customers, that rival suppliers of RMX would continue to constrain HMA and Holcim post-acquisition across Perth.

Ultimately, the ACCC did not find that the amended acquisition would likely substantially lessen competition in any market.

Notes to editors

‘Aggregates’ refer to a particulate material used in construction and includes sand aggregate and crushed hard rock aggregates. Aggregates are quarried and used as an input into RMX and asphalt (as well as for some other mining and construction purposes).

‘Cement’ refers to a fine soft powder made from limestone, clay and other materials. It is used as the binding ingredient in RMX and hardens after contact with water.

RMX’ is concrete that is produced in and delivered by truck in a freshly mixed and unhardened state. RMX is manufactured from cement, aggregates, water and other additives.

‘Asphalt’ is a sticky, black, tar-like substance used to pave roads, parking lots, and other surfaces. It’s made from mixing bitumen, aggregates and other filler materials in an asphalt plant.

Background

On 11 February 2025, Cement Australia, Holcim and HMA requested informal merger clearance to acquire BGC’s aggregates, cement, RMX, asphalt, transport and materials technology centre assets in WA.

After the ACCC raised preliminary competition concerns with the Initial Proposed Acquisition, Cement Australia, Holcim, and HMA put forward the Amended Proposed Acquisition in May 2025, with BGC’s support, that incorporates Adbri as a party.

The ACCC’s decision relates to the Amended Proposed Acquisition, pursuant to which:

  • Adbri will acquire certain BGC assets including aggregates and asphalt sites, six of BGC’s RMX sites, two mobile RMX plants and the transport assets associated with those assets and the company’s Materials Technology Centre (excluding cement-related assets),
  • Cement Australia, Holcim and HMA will acquire BGC’s cement plant and cement transport assets, and three RMX sites.

BGC Cementitious is a division of the BGC Group which supplies cementitious products in WA including cement and slag through BGC Cement, aggregate, hard rock and manufactured sand through BGC Quarries (which operates a hard rock quarry at The Lakes), RMX through BGC Concrete, and asphalt through BGC Asphalt. BGC Transport owns and operates vehicles, operating out of different hubs used in the BGC Cementitious business. BGC’s Materials Technology Centre is a testing laboratory for cement, RMX, asphalt and related products located in Hazelmere.

Cement Australia is a privately held 50:50 joint venture between Holcim and HMA. Cement Australia supplies cementitious products and services, including bulk and packaged cement, fly ash and slag products. Cement Australia has operations in NSW, Victoria, Queensland, SA, ACT, WA and Tasmania. Cement Australia does not have any cement or slag production facilities in WA. The operations of Cement Australia are governed by a Framework Agreement which establishes ring-fencing between Cement Australia, Holcim and HMA, placing restrictions on Holcim and HMA from accessing information about the sale of cementitious products by Cement Australia to each other party to the joint venture or to other customers.

Holcim is a Swiss multinational company that manufactures and supplies various building materials across Australia, including aggregates, RMX and pre-cast pipes. In WA, Holcim owns and operates several RMX plants and aggregate quarries (hard rock and sand).

HMA is a German multinational company that manufactures and supplies various building materials across Australia, including aggregates, RMX and asphalt. In WA, HMA owns and operates a number of RMX plants and aggregate quarries (hard rock and sand).

Adbri is an Australian company which manufactures, imports and supplies various building materials across Australia, including clinker, cement, quicklime, aggregates, RMX, concrete masonry products and supplementary cementitious materials such as fly ash and slag. In WA, Adbri produces and supplies cement, slag and lime through its subsidiary, Cockburn Cement Limited. Adbri does not currently hold any assets or operate in markets for the supply of aggregates, RMX or asphalt in WA.

Europe leads on transparent borders as Australia lags behind

Source:

11 September 2025

New research shows that Australia is lagging well behind Europe when it comes to digitised border control, adopting a “staggering” level of secrecy that is threatening individual democratic rights.

A recent paper authored by University of South Australia researcher Dr Louis Everuss has found stark differences between the two continents in their approach to digital borders.

Smart gates, biometric screening and automated risk assessment are now common worldwide, but unlike the European Union (EU) where border systems are more transparent, the Federal Government in Australia fails to disclose how this data is being used.

“Sweeping powers are given to the Immigration Minister courtesy of the Migration Act 1958 without any checks in place,” writes Dr Everuss in the Australian and New Zealand Journal of European Studies.

“This legislation even allows computers to make binding visa decisions on the Minister’s behalf, yet it offers little detail about how these technologies function and what information is captured.

“Digitisation is transforming border control across the globe, but transparency is critical for protecting both individual rights and democratic accountability. Our research shows that the EU’s legal frameworks are far more transparent than those in Australia, where the level of secrecy is staggering.”

The EU has introduced a suite of laws and regulations to govern its major digital border systems, including the Visa Information System (VIS) and the Schengen Information System (SIS).

These regulations clearly set out how data should be collected, stored and shared, and what rights individuals have to access their information. The regulations, which are publicly available, are also subject to oversight by EU data protection bodies and courts.

Dr Everuss says the EU approach embeds transparency obligations into the design of its border systems.

“While not perfect, this provides the public and travellers with a clearer view of how decisions are made,” he says.

In contrast, Australia’s digital border systems, such as the integrated Client Services Environment for visa processing, and SmartGate at airports, operate under far less scrutiny.

Policy frameworks do exist, but they are often heavily redacted, withheld under Freedom of Information Laws, or classified as internal guidance.

“The lack of publicly accessible rules means that Australians have little insight into the digital tools shaping border decisions. In some cases, even oversight bodies have been unaware of the existence of key systems.”

Dr Everuss argues that border transparency is not only about fairness to travellers, but also about maintaining trust in our governments.

“Without clear rules and accountability, digital technologies risk undermining natural justice and fuelling public distrust.”

He suggests that Australia could improve transparency of its border systems by:

  • Introducing system-specific legislation, similar to EU regulations, to define the scope of digital border technologies.
  • Making publicly available the traveller data details that are captured and assessed and ensure that race, ethnicity and sexuality are excluded when determining border-based decisions.
  • Ensuring that individuals can access – and correct if necessary – their data in a clear, user-friendly way.

The research was supported by the UniSA Jean Monnet Centre of Excellence, co-funded by the Erasmus+ program of the European Union.

‘Comparing border digitisation and transparency in the EU and Australia’ is published in the Australian and New Zealand Journal of European Studies. DOI: 10.30722/anzjes.vol17.iss1.20630

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Researcher contact:
Dr Louis Everuss E: louis.everuss@unisa.edu.au

Media contact: Candy Gibson M: +61 434 605 142 E: candy.gibson@unisa.edu.au

Other articles you may be interested in

Spring 2025 edition of Brigade magazine online now

Source:

The spring edition of Brigade magazine will soon arrive in CFA members’ letterboxes.

You can also read the latest magazine on our website.

The spring edition includes features about:

  • the formation of the new Apostles Group of brigades
  • how staging area experts help to keep everything running smoothly
  • the crucial role of volunteers at Hamilton Airbase
  • Quarterly Operational Update containing information sheets about heart health and the Planned Burn Taskforce, and two case studies.

There are also stories about new fire station openings, seasonal firefighters in Knox Group, how three brigades support each other through training, and an update on CFA projects.

Submitted by News and Media

$12.3 million for Australian first shared truck charging hub

Source: Ministers for the Department of Industry, Innovation and Science

Overview

  • Category

    News

    Date

    11 September 2025

    Classification

    Electric vehicles

Melbourne’s freight routes will soon have access to a dedicated electric truck charging hub thanks to an Australian first project supported by the Australian Renewable Energy Agency (ARENA).

$12.3 million in funding will go to Mondo Power (Mondo) to develop, construct and operate an electric truck charging hub in Melbourne’s west to demonstrate the technical and commercial feasibility for fleets to electrify their operations.

ARENA CEO Darren Miller said the project underscores ARENA’s commitment to supporting innovation solutions that will accelerate decarbonisation across the heavy transport sector.

“Through Mondo’s project, we’ll be able to highlight to the heavy transport sector how electrification can be integrated into their existing business models and drive down the high emissions from transporting goods on our roads,” Mr Miller said.

“Transport plays a vital role in Australia’s economy and contributes around 22% of emissions. By backing first of kind innovation like this, we can accelerate the sector’s adoption of clean technologies and bring us closer to our net zero goals.”

Located in Laverton North, the hub will consist of 14 dual plug electric vehicle chargers and will be purpose built for heavy battery electric vehicle (BEV) trucks.

The funding will support the installation of fit-for-purpose truck charging infrastructure, as well as partly offset the total cost of ownership for 20 heavy BEV trucks.

Mondo will partner with several truck manufacturers to supply heavy BEV trucks to trucking and transport customers, as well as technical support, trials and long-haul demonstrations.

Mondo will also enter into charging services agreements for charging hub membership to customers to provide site access and high-speed truck charging services. The charging hub membership will include access to the charging hub, set pricing for charging, amenities and driver vehicle parking options.

AusNet Chief Development Officer Jon D’Sylva said this is a first-of-its-kind facility in Australia, providing essential charging infrastructure for heavy vehicles, supporting the transition to zero-emission freight and reducing pollution in Melbourne’s inner west.

“This project marks a major step towards a more sustainable and efficient transport network for Australia,” said Mr D’Sylva.

“Delivering Australia’s clean energy transition is not just about replacing coal-fired power with renewable generation. We need to look holistically across a range of sectors, including transport, at the opportunities to decarbonise and this is just one example of that.”

“We’re proud to be at the forefront of developing this infrastructure in Australia in partnership with ARENA. Our unique expertise and experience make Mondo, and AusNet more broadly, well-placed to continue to support this once in a generation transition in years to come.”

The funding is being delivered by the Driving the Nation Program. For more information including program guidelines, eligibility criteria and how to apply, visit the funding page.

ARENA media contact:

media@arena.gov.au

Download this media release (PDF 174KB)

La Niña’s new twist: ground movement threatens Aussie homes

Source:

11 September 2025

Australia’s changing climate is shaking things up, literally. New research from the University of South Australia (UniSA) warns that increasingly intense La Niña weather cycles are posing fresh challenges for homeowners, builders, and infrastructure planners.

In a paper published in the Journal of Environmental Management, researchers reveal that prolonged rainfall linked to La Niña events is magnifying shrink-swell movements in expansive clay soils, which can destabilise house foundations, crack pipelines, and damage road pavements.

These soils expand when wet and contract during dry spells, creating a cycle of ground movement that’s becoming more severe and widespread.

UniSA researchers analysed more than 100 years of rainfall and climate data to track the impact of La Niña across Australia’s major regions. Their findings highlight a growing need to rethink how we build and maintain structures in a climate that’s becoming increasingly unpredictable.

The research, led by UniSA candidate Bikash Devkota,  shows that:

  • La Niña events have varied significantly, with prolonged periods of high frequency in the late 20th century, followed by a relative lull and a recent resurgence in the last 25 years.
  • Expansive clay soils in particular are highly sensitive to rainfall fluctuations, making them vulnerable to swelling and shrinking during both La Niña and El Niño cycles, respectively.
  • Homeowners, insurers and regulators need to consider long-term climate variability, not just short-term cycles, when assessing soil risks to building foundations.

Senior author, UniSA Professor Simon Beecham says that climate variability must be factored more directly into building standards and long-term planning.

“Even small shifts in climate cycles can lead to cracking, subsidence or costly repairs,” Prof Beecham says.

With more intense rainfall events and prolonged droughts predicted in future, researchers say it is imperative to prepare for greater extremes, ensuring that building codes and planning frameworks can adapt to uncertain weather conditions.

Changes in climate patterns have already significantly influenced geostructures around the world, including in Australia.

The La Niña event that occurred at the break of the Millenium Drought (1997-2009) caused damage to thousands of houses constructed during the drought, as soils expanded after a prolonged dry period.

“Climate change could significantly impact many homes across Australia but, to date, it hasn’t been considered in development strategies,” Prof Beecham says. “It’s time to think about it more seriously.”

‘The changing frequency of La Niña cycles and their effect on footing design in expansive soils’ is authored by Bikash Devkota, Md Rajibul Karim, Mizanur Rahman, Hoang Bao Khoi Nguyen and Simon Beecham. DOI: 10.1016/j.jenvman.2025.127124

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Contacts for interview:

Researcher contact: Professor Simon Beecham E: Simon.Beecham@unisa.edu.au
               
Media contact: Candy Gibson M: +61 434 605 142 E: candy.gibson@unisa.edu.au

Other articles you may be interested in

Igneo’s proposed acquisition of Benedict Recycling raises concerns

Source: Australian Ministers for Regional Development

The ACCC has outlined its preliminary competition concerns with Igneo Infrastructure Partners’ proposed acquisition of Benedict Recycling Pty Ltd in a Statement of Issues today.

Igneo manages the infrastructure fund which owns Integrated Waste Services (IWS), which operates under the Recycle Central brand in the Newcastle region of NSW, supplying mixed building and demolition (B&D) waste processing services. Benedict Recycling also provides these services in the Newcastle region.

The ACCC has preliminary concerns that the proposed acquisition is likely to substantially lessen competition in the supply of mixed B&D processing services in the Newcastle region.

“We are concerned the proposed acquisition would lead to higher prices or reduced service quality for mixed B&D waste processing in the Newcastle region,” ACCC Commissioner Dr Philip Williams said.

“IWS and Benedict Recycling are the largest waste processors in the region for mixed B&D waste, and there are limited alternative waste processors for customers to choose from,” Dr Williams said. “IWS and Benedict Recycling are also each other’s closest competitors.”

The ACCC is continuing to investigate the extent to which landfills are competitive alternatives for customers using the mixed B&D processing services offered by IWS and Benedict Recycling.

“Our preliminary view is that landfills are not an effective substitute for mixed B&D processing,” Dr Williams said.

“Many waste collectors in the Newcastle region have a strong preference to deposit mixed B&D waste at processors over landfill, reflecting reportedly higher costs of landfill disposal as well as other factors, including customer preferences for the recoverable material to be diverted from landfill, where possible, due to environmental considerations.”

As IWS operates a B&D collections business in the Newcastle region, the ACCC is also considering the ability and incentive of IWS to disadvantage rival B&D collection companies after the acquisition – for example, by increasing the prices it charges its collection rivals for mixed B&D waste processing.

The ACCC invites submissions from interested parties in response to the Statement of Issues by 25 September 2025.

More information, including the Statement of Issues, can be found on the ACCC’s website at Igneo Infrastructure Partners – Benedict Recycling Pty Ltd.

Note to editors

B&D waste is material generated from the demolition, construction or renovation of residential and commercial buildings, civil projects or infrastructure development. B&D waste is non-putrescible (or ‘solid’), meaning it contains primarily non-organic materials that may or may not be recyclable.

Mixed B&D waste is a subcategory of B&D waste which involves materials that have not been segregated. Mixed B&D waste may involve materials such as bricks, concrete, timber, glass, plastic, plasterboard, ceramics, metal, paper and cardboard.

Background

Igneo proposes to acquire 100 per cent of the shares of Benedict Recycling (the Proposed Acquisition).

Igneo is an unlisted infrastructure asset management business of the First Sentier Investors Group, an Australian asset manager with more than A$222 billion in funds under management (as at 30 June 2024). First Sentier Investors Group is ultimately owned by Mitsubishi UFJ Financial Group.

Igneo manages an infrastructure fund that owns IWS, a waste management business, with operations in Western Australia, South Australia, and the Newcastle/Hunter Valley region. IWS provides a range of waste management services including resource recovery, commercial composting, and disposal.

IWS owns Recycle Central Group (Recycle Central), a waste management business that provides waste collection, disposal and processing services for B&D and commercial and industrial (C&I) waste. Recycle Central operates two facilities in Greater Newcastle:

  • a large-scale waste processing facility, located in Kurri Kurri, 38 km from the Newcastle CBD; and
  • a waste transfer station located in Cardiff (in central Newcastle).

IWS offers collection services under several brands including ‘Central Skips’, through Recycle Central, and ‘Rent a skip’.

Benedict Recycling provides waste disposal and processing services for B&D, C&I, household and green waste across Greater Sydney (Chipping Norton, Unanderra, Smeaton Grange and Belrose), Bowral and Newcastle.

In Newcastle, Benedict Recycling operates a processing facility in Mayfield West, close to the centre of Newcastle (the Newcastle Recycling Centre).

Benedict Recycling does not operate a collections business.