“Minto Recycling Pty Ltd convicted of breaching its environment...

“Minto Recycling Pty Ltd convicted of breaching its environment protection licence and ordered to pay $90,000 Minto Recycling Pty Ltd (Minto), a wholly owned subsidiary of Bingo Industries Ltd, has been convicted and been ordered to pay to the Environmental Trust the sum of $90,000 by the Land and Environment Court of NSW for breaching a condition of its Environment Protection Licence (Licence) issued by the Environment Protection Authority (EPA).
The Licence authorised Minto to receive and process up to 30,000 tonnes of waste at Minto’s premises at 13 Pembury Road Minto NSW 2566 in the period 25 November 2016 to 24 November 2017. However, in that time, Minto received and processed 169,695.34 tonnes of waste in contravention of its Licence. As a result of the offence, Minto derived financial benefits of at least approximately $250,000.
On 13 December 2019, the Land and Environment Court convicted Minto of an offence against s. 64(1) of the Protection of the Environment Operations Act 1997 for contravening a condition of its Licence and ordered it to:
1. Pay an amount of $90,000 to the Environmental Trust in lieu of a fine;
2. Pay the EPA’s legal costs; and
3. Publish this notice in the Australian Financial Review, the Daily Telegraph, the Campbelltown-Macarthur Advertiser, Inside Waste magazine and on the website of Bingo Industries Ltd and the Annual Report of Bingo Industries Ltd published to the Australian Stock Exchange.

Interesting. So we are still making $250,000 less 90,000?