Woolworths warns of 60 per cent price increases if Western Australia cash-for-cans scheme goes ahead

unclaimed moneyWOOLWORTHS has warned of a “significant cost-of-living impact” on its customers from price increases of up to 60 per cent.

WOOLWORTHS has warned it could be forced to increase some drink prices by 60 per cent in Western Australia if the State Government pushes ahead with a container deposit scheme similar to the NSW government’s disastrous “Return and Earn” program.

In a written submission outlining its concerns about WA’s “cash for cans” plan slated to roll out in 2020, Woolworths said the estimated total cost to NSW households from Return and Earn would be $420 million, based on a “conservative” average levy of 12 cents per container.

Due to WA’s much larger size and smaller population, the supermarket predicted handling and administration fees would be “significantly more” at around 15 cents per container.

Click the link to read more https://www.news.com.au/finance/business/retail/woolworths-warns-of-60-per-cent-price-increases-if-western-australia-cashforcans-scheme-goes-ahead/news-story/cc48e0b7acaf476da5c51bcd30592bd5