� licence administration costs such as purchasing licensing software , processing licence applications , and monitoring and compliance activities , and
� costs associated with communications activities .
Table 6 below summarises the estimated cost ( to PCBUs and government ) for the licensing framework for work with legacy products , consistent across each option . Further details of these costs are available in Table 8 and Table 9 .
Table 6 Estimated cost of licensing framework for work with legacy products , over appraisal period ($ m )
Criterion
Estimated cost ( over appraisal period ) – licensing framework for work with legacy products
Cost to PCBUs $ 133.0 Cost to government $ 107.5 Total $ 240.5
The cost of this licensing represents 94 % to 100 % of the estimated cost for each option ( Table 7 ). The licensing framework is common to all prohibition options presented and the associated costs are , therefore , consistent across each of the options . While costs to both governments and PCBUs under this licensing framework mainly relate to the administrative costs of implementing the framework , the overall costs , estimated to be $ 240.5 million , are high due to the large number of PCBUs that may be impacted ( estimated at 58,050 PCBUs of the 179,750 possible PCBUs across the relevant sector of industry ). This cost is likely overestimated due to the conservative assumption that 50 % of PCBUs across the relevant ANZSIC categories for construction would apply for a licence under this licensing framework .
In contrast , the costs to engineered stone PCBUs under each of the three prohibition options are a small fraction of the total costs ( 0 % or 4 %; Table 10 ). However , due to the smaller number of engineered stone PCBUs , the costs per individual engineered stone PCBUs will be significantly higher than that for individual other industry PCBUs .
�
�
Option 1 has the highest costs to engineered stone PCBUs – a total prohibition of engineered stone would result in a higher number of engineered stone business closures and corresponding worker displacement .
Option 2 has the lowest total cost impact . It is assumed that there will be no business closures or worker displacement under this option because lower silica products are expected to be available to meet demand . Engineered stone PCBUs are not expected to experience financial impact under Option 2 .
Costs for each option are discussed further in Sections 4.4 to 4.6 . Calculations for all cost tables presented in this chapter are provided in Appendix B .
DECISION REGULATION IMPACT STATEMENT Prohibition on the use of engineered stone Page 34 of 107