The addendum outlines the amount of surplus funds to be transferred to the Industry Stewardship Organizations (ISOs) as a lump sum and the process for Stewardship Ontario to recover reasonable unexpected costs related to the materials managed by the ISOs in the event of a delay in wind up of the MHSW Program.
RPRA’s approval came with the following conditions:
- The Addendum shall be updated to apply a reserve share allocation methodology based on current membership and market share using reported tonnage supplied to the Ontario market in the last full year.
- The Addendum shall be updated with respect to how tonnage is attributed to stewards: the reserve share allocation methodology used to determine the SO-ISO share of a material reserve attribute tonnage supplied by a steward who has transitioned to an ISP during the applicable data year to that steward’s current program operator.
- The Residual Funds Addendum shall be amended by adding a fifth clause stating that “Residual funds must be returned to Stewards or ISP Members in the form of a payment and not as a credit that can be accessed at a later date, if requested by a Steward or ISP Member.”
- RPRA may serve a decision-making role in the SO-ISO Surplus Fund Transfer Agreement, with respect to reasonable unexpected costs recoverable by Stewardship Ontario from ISOs in the event of a program extension, on terms that are acceptable to RPRA’s CEO.
More details are available on the MHSW Wind Up webpage.