This Disaster Cost-Benefit Framework (the Framework) is a Treasury Policy and Guidelines paper that sets out how to undertake disaster resilience cost-benefit analysis (CBA). The Framework sits under and follows the same principles and requirements of the NSW Government Guide to Cost Benefit Analysis (TPG23-08) (CBA Guide), which applies to all NSW Government initiatives.
The Framework aims to improve the robustness and consistency of disaster resilience CBAs to support decision making and well targeted investment. It identifies guiding principles to support development of initiatives that support disaster resilience alongside methods, data sources and standard parameters to support their appraisal. The information provided is supplementary and intended to make it easier to complete high quality CBAs of initiatives that support disaster resilience. It includes mandatory and recommended policy principles and guidance that should be applied as relevant and practical, depending on the size, importance, and nature of the initiative.
