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Safeguard OSH Solutions - Thomson Reuters

Safeguard OSH Solutions - Thomson Reuters



OSH Legislation

5 Assessment of risks, costs, and benefits (Revoked)

5
Assessment of risks, costs, and benefits (Revoked)

History Note - Regulations of New Zealand

Regulation 5 was revoked, as from 1 December 2017, by reg 4(2) Hazardous Substances (Health and Safety Reform Revocations) Regulations 2017 (LI 2017/233).

Historical Versions - Regulations of New Zealand

Show the historical version (2 July 2001 to 30 November 2017)

5
Assessment of risks, costs, and benefits
(1)
The identification and assessment of risk required in an application made under any of sections 28, 31, and 47 of the Act must include—
(a)
the nature of the adverse effects of the substance; and
(b)
the probability of occurrence and the magnitude of each adverse effect; and
(c)
an assessment of risk of each adverse effect; and
(d)
options and proposals for managing the risks identified; and
(e)
the uncertainty bounds on the information contained in the assessment, expressed quantitatively where possible but otherwise by narrative statement.
(2)
The identification and assessment of costs and benefits required in an application made under section 28 of the Act must include—
(a)
the nature of the costs and benefits associated with the proposed substance, and whether the costs and benefits are monetary or non-monetary; and
(b)
the magnitude or expected value of the costs and benefits, and the uncertainty bounds on the expected value.
(3)
The costs and benefits referred to in subclause (2)—
(a)
must relate to New Zealand and arise as a result of approving the application for the substance; and
(b)
include long-term, short-term, direct, and consequential costs and benefits.
(4)
The assessment of risks, costs, and benefits must include—
(a)
distributional effects over time, space, and groups in the community; and
(b)
the uncertainty intervals associated with those estimates.

From OSH Legislation

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