Finance Minister Nicola Willis says the change is expected to save the Government $209m over four years.
More than 80 S&P 500 companies have warned of weaker results than initially expected.
The scheme also hopes to educate consumers on how to dispose of waste plastic.
Who’s new on this year’s NBR Rich List?
The Property Council wants a seat at the table.
However, there are still some confusing aspects to the structure, experts say.
The brewery's own reductions rest on suppliers coming to the party.
They claim they regularly review whether their insurance products deliver good outcomes.
Staunch opposition and strong support reflected in submissions.
The timing is right, publisher says.