I use a worm farm to dispose of all my fruit and vegetable scraps as well as any paper not suitable for the recycling bin. The worms break down my compost quickly creating the perfect mulch for my organic vegetable plots in about 3-4 months. Amazingly, there is no smell created from the bins so they are great for even the most compact site.
You can easily make your own bin or purchase a ready made one such as a Can-O-Worms.
Our local worm farm based in Cromwell, Central Wormworx, can supply worms for your worm farm and is well worth a visit for interest sake - a great hit with children! Check out Worm Farms for some brilliant information.