2.5 Regulatory model

Figure 2: NWMS tool box of measures

NWMS, a tiered and consensual approach will be followed. This approach will optimally combine regulation and compliance measures with self regulatory components, voluntary initiatives, economic incentives, and fiscal mechanisms. The approach establishes baseline regulations for the waste sector as a foundation for a co-regulatory system that relies on industry initiative and voluntary compliance. In cases where industry response proves insufficient for dealing with waste challenges or where a market failure prevails, more interventionist regulatory tools may be deployed. The approach treats the measures set out in the Waste Act as a "tool box" of instruments that are able to address specific waste management challenges.

Figure 2 shows how the tiered and consensual regulatory approach uses the toolbox of instruments. Details of this approach and the instruments are in section 3.