BINGO response to ACCC announcement

Media Statement

BINGO Industries (BINGO) today notes the Australian Competition and Consumer Commission (ACCC) announcement that the Commonwealth Department of Public Prosecutions (CDPP) has laid charges against BINGO following an investigation into a July 2019 pricing increase in New South Wales (NSW) building and demolition (B&D) waste.

BINGO has pleaded guilty to the charges as laid.

BINGO has cooperated with the ACCC and the CDPP throughout its investigation and regrets that the matter occurred. It does not reflect BINGO’s values or standards of conduct.

The matter primarily relates to certain pricing over a period of about two months over July and August 2019 in BINGO’s Sydney skip bin and processing businesses, the latter predominantly at three facilities.

Since the matter occurred there have been significant changes in BINGO’s ownership, Board and executive team, including improvements to BINGO’s governance processes.

The final determination (including in relation to penalties) will be subject to the decision of the Federal Court.

For further information:

Chris Gordon +61 467 333 440

[email protected]