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.
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.
Page last updated: 20 September 2012