Globally, the generation of small Waste Electrical and Electronic Equipment (WEEE) is rapidly increasing and accounted for over 30% of total E-waste in 2019. Managing this critical waste stream has proven challenging in Australia due to diverse product categories, short lifespans, and high frequency of disposal. To address the issue, a Multivocal Literature Analysis was conducted to identify prevailing situations, barriers, and prospects for a practical management framework. Findings were thematically analysed based on sustainability and circular-economy principles. The study revealed several critical obstacles, including the lack of involvement by local governments, the mixing of small WEEE with municipal waste, the absence of an established repair and reuse culture, and the limited domestic application of recovered metals. To address these issues, the study identifies the need for a dedicated co-regulatory stewardship scheme based on extended producer responsibility with eco-modulated fees and realistic scheme targets. Additionally, to accommodate the high product diversity, the expansion of treatment infrastructure is suggested while encouraging responsible consumption among customers. The findings of this investigation hold substantial value for the regulatory bodies in developing and implementing small-WEEE management schemes for Australia.