The Cleanaway Waste Management Ltd (ASX: CWY) share price is in focus after the company reported a key Victorian Supreme Court decision relating to alleged underpayments of landfill levies at its Melbourne Regional Landfill, with a potential financial impact of $6.9 million for FY18.
What did Cleanaway Waste Management report?
- The Supreme Court has ruled in favour of the Environment Protection Authority (EPA) over a $6.9 million landfill levy underpayment claim for FY18.
- Additional EPA audits have highlighted further alleged underpayments of $4.7 million for FY19 and $7.2 million for FY22.
- These additional years are not yet subject to court proceedings and figures exclude costs and interest.
- Cleanaway has 42 days to consider an appeal against the Supreme Court’s decision.
What else do investors need to know?
The court case centres on landfill levies at the Melbourne Regional Landfill, linked to materials sourced by Cleanaway from the adjacent Boral quarry. The EPA argued these materials qualified as ‘waste’ and should attract a government landfill levy, while Cleanaway contended otherwise.
Further details on these proceedings, including potential financial implications, can be found in Note 33 of Cleanaway’s FY25 Financial Report. Cleanaway will review its options, which may include appealing against the ruling.
What’s next for Cleanaway Waste Management?
Cleanaway has 42 days to determine whether to appeal the Supreme Court’s decision. In the meantime, the company aims to continue engaging with stakeholders and maintain full compliance with environmental and regulatory obligations.
The financial impact of the decision, together with the possibility of further audits and proceedings, may affect future results and operational planning. Shareholders will be updated as developments arise.
Cleanaway Waste Management share price snapshot
Over the past 12 months, Cleanaway Waste Management shares have declined 17%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 9% over the same period.
The post Cleanaway Waste Management hit with landfill levy ruling appeared first on The Motley Fool Australia.
Should you invest $1,000 in Cleanaway Waste Management right now?
Before you buy Cleanaway Waste Management shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Cleanaway Waste Management wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
* Returns as of 20 Feb 2026
.custom-cta-button p {
margin-bottom: 0 !important;
}
More reading
- Superloop lifts revenue and customer base
- BWP Group announces successful entitlement offer
- Tabcorp faces AUSTRAC compliance probe
- Orica posts record first-half earnings and higher dividend
- NEXTDC wraps up $1.7bn hybrid offer, lifts liquidity
Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.