Total redundancy payments = No . of medium-large business closures , by size |
Number of medium-large engineered stone PCBUS closures ( by option ): See Ref # 1 above |
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# 2 |
Redundancy packages paid to workers
( engineered stone PBCUs only )
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x
Average no . of workers for medium-large businesses
x
Average wage / hour × Average hours per week × Weeks of redundancy pay
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Average number of workers for medium-large engineered stone PCBUS :
� Medium : 44
Average wage per hour : $ 47 ( see Table 28 )
Average hours per week : 38 ( see Table 28 )
Weeks of redundancy pay : 8 weeks ( see Table 28 )
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Time period : half in implementation year and half in year of prohibition taking effect . |
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# 3 |
Licence application and renewal costs
( legacy stone – all options )
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Licence application costs ( legacy ) ( for each year of licence application ) = Number of other industry PCBUs x Proportion applying for legacy licence
×
Hours to prepare application ( per PBCU )
×
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Number of other industry PCBUs : � Sole traders : 99,205 � Small businesses : 78,569 � Medium-large businesses : 1,976
Proportion applying for a legacy licence : � Sole traders : 30 % ( 29,762 PCBUs ) � Small businesses : 35 % ( 27,499 PCBUs )
� Medium-large businesses : 40 % ( 790 PCBUs )
� Total : 58,051
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