Mayor Hamish McDouall said the council would continue to monitor the situation and it would consider "all short and long-term options for re-entry into the waste collection market if the situation necessitates" early next year.
Meanwhile, EnviroWaste's rubbish bags and other black rubbish bags with valid stickers will continue to be collected at the kerbside as long as they are in circulation.
Residents can continue to put out valid rubbish bags for collection or contact their rubbish collection company for other waste collection options.
The council will provide an update when more information is available.
Anyone with issues or queries regarding rubbish collection can contact EnviroWaste on 06 344 4201 or Waste Management on 06 348 8009.