Table 30 Detailed PCBU cost assumptions and calculations
Ref # Impact measure Formula Input / assumption
Businesses that cease operating incur exit costs to wind up or liquidate their businesses such as deregistering their companies . While financial exit costs will be different for every PCBU , t estimates have been made by size of the PCBU .
Closure cost by size :
� Sole Traders : $ 6,000 � Small : $ 6,000 � Medium : $ 8,000 ( Australian Debt Solvers , 2021 )
Redundancy payments have been calculated separately at Ref # 2
# 1 |
Business closure costs
( engineered stone PBCUs only )
|
Business closure costs = Exit costs per business x No . of PBCUs business closures , by size |
Number of engineered stone PCBU closures , by size ( by option ) 58 :
Option 1
� Sole Traders : 44 � Small : 42 � Medium : 7
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Option 2 |
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� Sole Traders : 0 � Small : 0 � Medium : 0 |
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Option 3 |
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� Sole Traders : 22 � Small : 21 � Medium : 3 |
58
These populations have been estimated based on Section B . 7 Assigning industry population to decision . Percentages of businesses likely to follow each decision paths available to engineered stone PCBUs and other industry PCBUs , under each prohibition option , were applied to the populations described in Sections B . 3 and B . 4 .
DECISION REGULATION IMPACT STATEMENT Prohibition on the use of engineered stone Page 93 of 107