will not be an impact on engineered stone PCBUs . According to the consultation submissions , 40 % of engineered stone PCBUs already work with lower silica engineered stone , and several suppliers have indicated their ability to meet market demand by 2024 . There are no estimated costs to workers for this option .
4.5.1 Costs to PCBUs
Under Option 2 , costs to PCBUs are estimated to be $ 133.0 million , comprising costs to other industry PCBUs arising from the licensing framework for work with legacy products ( see Table 11 ).
Table 11 Estimated cost of Option 2 – PCBUs
Cost Estimated cost – 10-year appraisal period ($ m )
Other industry PCBUs |
Sole traders |
Small |
Medium- Large |
Total |
Licensing framework for work with legacy products |
|
|
|
|
Licence application costs |
$ 26.2 |
$ 24.2 |
$ 0.7 |
$ 51.2 |
Licence renewal application costs |
$ 16.0 |
$ 14.8 |
$ 0.4 |
$ 31.2 |
Licence compliance costs ( audit preparation ) |
$ 25.9 |
$ 24.0 |
$ 0.7 |
$ 50.6 |
Total |
$ 68.2 |
$ 63.0 |
$ 1.8 |
$ 133.0 |
DECISION REGULATION IMPACT STATEMENT Prohibition on the use of engineered stone Page 39 of 107