Conduct of assessments for identified risks
100 Conduct of assessments for identified risks
In conducting an assessment for the purposes of section 99(1)(d), the rail transport operator must —
examine and analyse each identified risk, including —
the nature of the risk; and
the likelihood of the risk occurring; and
the magnitude and severity of the consequences should a risk be realised; and
the range of control measures available and considered to eliminate or minimise the risk; and
consider risks cumulatively as well as individually; and
use assessment methodologies that are appropriate to the risks under consideration.
The rail transport operator must keep a detailed record of all aspects of the assessment process, including —
the risks considered; and
the likelihood, severity of consequences and control measures considered, including reasons for selecting certain control measures and rejecting others.
This Act’s bill:Explanatory memorandumSecond reading speech
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