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Guidelines on Assessing Policy Options

Regulatory Impact Analysis Unit, Effective Markets Branch
[ Last Updated 23 April 2007 ]


  Step in cost benefit analysis Relevant Sections
1 Analyse the status quo Establish the Counterfactual (Status Quo)
2 Identify the full range of feasible options Identify the Range of Feasible Options
3 Identify and understand the impacts of each option Identify and Understand the Impacts of Each Option
4 Assess the magnitude of all options' impacts Assess the Magnitude of Each Impact of Each Option
  • How much analysis is required?
 Levels of Cost Benefit Analysis, What Level of Analysis Is Required?
5 Review the options Review the Options
6 Compare the options and identify the best option Compare the Options and Identify the Best Option
7 Present the results Present the Results

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