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UPSS Regulatory Impact Statement

As part of its preparation of the UPSS Regulation, the EPA prepared a cost-benefit analysis which showed that the benefits of implementing the new Regulation would significantly outweigh the costs. The analysis was published in a Regulatory Impact Statement (RIS), along with a draft of the proposed UPSS Regulation, and released for public consultation in February 2006.

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• RIS: Proposed Protection of the Environment Operations (Underground Petroleum Storage Systems) Regulation 2005 (06007UPSSRISReg.pdf, 155 KB)

During the consultation period, new cost figures provided by the petroleum retail industry prompted a revision of the cost-benefit analysis. However this updated analysis still showed the benefits outweighing the costs. The EPA also responded to matters raised by interested parties during the consultation.

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• Summary of the revised cost-benefit analysis (UPSScba.pdf, 16 KB)
• Responses (UPSSRISresponse.pdf, 53 KB)