The Product Stewardship for Oil Program (PSO) was introduced by the Australian Government in 2001 to provide incentives to increase used oil recycling. The Program, administered by the Department of the Environment, Water, Heritage and the Arts, aims to encourage the environmentally sustainable management and re-refining of used oil and its re-use.
The Product Stewardship (Oil) Act 2000 establishes the general framework and benefit entitlements of the PSO arrangements. The arrangements comprise a levy-benefit system, where a 5.449 cent per litre levy on new oil, helps fund benefit payments to used oil recyclers. These arrangements provide incentives to increase used oil recycling in the Australian community.
There are 3 parts to the arrangements:
The Product Stewardship (Oil) Act 2000 also establishes the Oil Stewardship Advisory Council.