Sussan’s Pact

This story is based on another excellent thread by Belinda Jones – (

You may not have heard of Pact Group. They’re in the recycling business and last year they reported a $320 million half-year loss ( In March 2020 they announced a $500 million investment. Quite a turnaround.

It’s helped by a Federal Government grant of $190 million. This may, or may not, be the same $200m they promised to recycling in May 2019 (, we don’t know.

Now, why Pact Group? As Belinda notes in her thread, 

  • Pact Group Executive Chairman Raphael Geminder was seen at a Liberal Party fundraiser in in March 2019
  • Non-Executive Director Michael Wachtel also sits on the Board of the Future Fund with Peter Costello

Does this look dodgy to you?

Further reading:

National Plastics Summit signals changes for plastic recycling –

Pact Group leads the Circular Economy through $500 Million Investment Plan –

Job boost expected from $600m recycling scheme as 2024 export ban looms –

$190m “bonza” boost to recycling industry –

Full story at Original twitter thread –

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