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Cleanaway Waste Management Limited (ASX:CWY)

ALERT: Price-sensitive ASX Announcement for CWY
Current share price for CWY : $2.350 0.14 (6.33%)+
Announcement
Release
7 May 2026 12:48PM
Price at Release
$2.210
Full Release
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Summary
Cleanaway Waste Management Limited has been involved in a legal case with the Victorian Supreme Court regarding an alleged underpayment of landfill levies for the Melbourne Regional Landfill in the financial year 2018. The EPA claimed Cleanaway underpaid $6.9 million in levies on materials from Boral quarry, arguing these were not 'waste.' The court ruled in favor of the EPA, and subsequent audits suggested further underpayments for FY19 and FY22. Cleanaway is considering an appeal and has 42 days to respond. Further details are in their FY25 Financial Report.
Key Points
  • Cleanaway Waste Management Limited faced a decision from the Victorian Supreme Court regarding an alleged historical underpayment of landfill levies.
  • The issue pertains to the landfill levy at Melbourne Regional Landfill for the financial year 2018.
  • The Environmental Protection Authority (EPA) initiated proceedings against Cleanaway to recover the alleged levy underpayment.
  • The alleged underpayment relates to materials purchased from the Boral quarry for landfill operations.
  • Cleanaway argued that the purchased materials should not be classified as 'waste' subject to landfill levies.
  • The Supreme Court ruled in favor of the EPA, indicating a $6.9 million underpayment for FY18.
  • The EPA conducted audits for FY19 and FY22, indicating further alleged underpayments of $4.7 million and $7.2 million respectively.
  • These additional amounts for FY19 and FY22 are not part of the Supreme Court proceedings decided.
  • Cleanaway is reviewing the court decision and has 42 days to appeal.
  • Details of the proceedings are included in Note 33 of Cleanaway's FY25 Financial Report.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.