It is important that the auto recycling industry develops a clear view as to the potential economic impact on this industry of a change in the current regulatory regime relating to “economic write-offs”. The current New South Wales government is the only government that has so far endorsed this approach and committed to legislate for change. It is likely other governments will follow, but our industry needs to clearly understand the new operating arrangements that will be adopted by regulators and insurers, and have a clear policy position on the conditions it believes should apply in the future.
