Safe Work Australia RIS on Engineered stone August 2023 | Page 108

B . 9.5 The estimated expected value of a life saved and illness avoided Summing the components , the expected value of life saved and illness avoided is $ 4.9 million . Table 37 Estimated expected value of life saved and illness avoided
Assumption
Value ($ m )
Estimated average value of life saved
$ 1.9m
Estimated average value of illness avoided
$ 3.0m
Estimated expected value of life saved and illness avoided
$ 4.9m
DECISION REGULATION IMPACT STATEMENT Prohibition on the use of engineered stone Page 107 of 107