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Net Benefit

What is Net Benefit?

Net Benefit means "having an overall positive impact on relevant communities”, and is a core component of how we operate. Every standard must demonstrate positive Net Benefit.  

This means that all Australian Standards must provide a value or benefit that exceeds the costs to Australian society.
 
When we assess net benefit, we weigh the costs and benefits of the following:
 
  • Public health and safety;
  • Social and community impact;
  • Environmental impact;
  • Competition; and
  • Economic impact.
More information can be found in the Guide to Net Benefit.