The purpose of these guidelines is to assist councils in the preparation of detailed cost-benefit analyses (CBA), suitable for complex and higher risk decisions. CBA can be used to evaluate coastal management options in all coastal management areas.
The guidance is targeted at council staff who have relevant economic expertise, or economic consultants engaged by the council, to develop valid CBAs of coastal management options. It is also intended to help councils and public authorities to review, interpret and apply the results of a CBA.
The guidelines focus on how to use CBA to evaluate management options for reducing risks associated with coastal hazards such as beach erosion, recession and coastal inundation.