Safe Work Australia RIS on Engineered stone August 2023 | Page 50

Table 16 Estimated breakeven analysis results over 10-year appraisal period
Option
Total cost ($ m )
Estimated number of cases prevented required to breakeven over the period – total
Total cost – licensing framework for work with legacy products ($ m )
Estimated number of cases prevented required to breakeven ( licensing framework – legacy products )
Cost specific to each option ($ m )
Estimated number of cases prevented required to breakeven ( option specific )
Option 1
$ 251.1
51
$ 10.6
2
Option 2
$ 240.5
49
$ 240.5
49
$ 0
0
Option 3
$ 249.7
51
$ 9.2
2
* Estimated number of cases required to break even rounded to the nearest whole number .
The average number of cases that need to be prevented per year to break even (~ 5 cases ) is likely achievable given the annual number of accepted compensation claims in recent years ( Figure 1 ). The 49 – 51 cases needed to be avoided to break even is a small fraction of the 1,000 future cases of silicosis predicted to be prevented if the use of engineered stone were prohibited in Australia ( Carey and Fritschi 2022 ).
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