Annex E - Benefit considerations

When evaluating the benefits of using a standard or risk assessment to support a policy or program, there are a number of questions that can be used to derive data. Policy officers should utilise stakeholder consultation and trusted research sources to answer the following questions to calculate benefits. The purpose is to ensure that benefits efficiently and effectively achieve policy and program outcomes.

Public Health and Safety Benefits

Will the chosen standard or risk assessment result in benefits associated with:

  • Improvements in public and workplace
  • Increased community safety

Social and Community Benefits

Will the chosen standard or risk assessment result in benefits associated with:

  • Extra assistance to vulnerable communities
  • Better public information
  • Improvements to products and public services
  • More reliable outcomes

Environmental Benefits

Will the chosen standard or risk assessment result in benefits associated with:

  • Reduced noise and pollution
  • Improved amenity

Competition Benefits

Will the chosen standard or risk assessment result in benefits associated with:

  • International and domestic interoperability (Harmonisation)
  • Reduction of competition restrictions
  • Increase in market innovation
  • Uptake of new technologies

Economic Impact Benefits

Will the chosen standard or risk assessment result in benefits associated with:

  • Decreased costs of products and services
  • Greater utility
  • Positive redistribution of wealth
  • Employment
  • Economic growth
  • Productivity improvements
Share this Page