Gpt Group · ASX:GPT
Gpt — The GPT Group — Corporate Update (March 2006)
12 slides from Gpt's corporate update, March 2006
Slide 1: Regional Rollout of Opal Fuel in Central Australia - Cost Benefit Study Findings
Regional Rollout of Opal Fuel in Central Australia - Cost Benefit Study Findings The Opal Alliance - March 2006
Slide 2: The Passion
The Passion “Now listen, I know some of you have heard about petrol sniffing, but where I come from every single family has a family member affected by petrol sniffing, and we now have a terrible problem on our hands. When our young people sniff petrol they develop all sorts of health problems, such
Slide 3: The Study
The Study Study commissioned by the Opal Alliance: NPY Women’s Council CAYLUS The GPT Group Undertaken by Australia’s leading economic consultancy, Access Economics Independent third party assessment, globally accepted methodology 3 Opal Alliance
Slide 4: Background
Background The Opal Alliance identified a comprehensive Regional Rollout as the most logical way to optimise the benefits of Opal Our advocacy efforts were concentrated on a regional approach supported by Federal and State Government initiatives We found a willingness to use Opal but resistanc
Slide 5: Rollout Area Definition
Rollout Area Definition Why this area? How it was established? 5 Opal Alliance
Slide 6: Study Methodology
Study Methodology Benefit of lower petrol sniffing costs - Cost of Opal rollout = Net benefit Petrol Sniffing costs: • Loss of life • Health costs • Crime • Justice system costs • Rehabilitation costs etc Rollout costs: • Opal subsidy (@ 27c per litre) • Supporting programs – Employment – Educat
Slide 7: Key Findings - Costs of Sniffing
Key Findings - Costs of Sniffing Total cost of petrol sniffing is $78.9m in 2005, comprising: • $38.1m (49%) was the net cost of the disease burden • $16.2m (20%) was the crime and justice system impact • $8.3m (11%) was the productivity loss • $12m(15%) was the health, long term care and rehabili
Slide 8: Key Findings - Costs of Rollout
Key Findings - Costs of Rollout The total costs of the Rollout is $26.6m comprising the fuel subsidy and supporting strategies Fuel subsidy cost $15.8m • Fuel subsidy based on 27 c per litre (was 33c) • Fuel usage is considered conservative at 58.5m litres Usage Scenario Litres (million) Cost ($
Slide 9: Key Findings - Costs of Rollout (Cont'd)
Key Findings - Costs of Rollout (Cont’d) The cost of a package of strategies to address petrol sniffing is estimated to be $10.8 million per annum. • shared by the NT, SA, WA and Commonwealth Governments. • well-implemented supplementary demand reduction policies are essential to accompany supply
Slide 10: Key Findings - Net Total Cost Benefit
Key Findings - Net Total Cost Benefit The results of the cost benefit (including healthy life gained) show a $27.1m net gain ($53.7 costs - $26.6m) This means there would be a net decrease in costs across the Rollout Area and a 75% reduction in sniffing in the base case TOTAL COST BENEFIT ANALYS
Slide 11: Key Findings - Net Financial Cost Benefit
Key Findings - Net Financial Cost Benefit The results of the cost benefit (excluding healthy life gained) show a $1.5m net loss ($25.1 costs - $26.6m) $1.5m is a small cost to save lives and reduce petrol sniffing (140 Quality Adjusted Life Years are gained) TOTAL COST BENEFIT ANALYSIS ($ MILLIO
Slide 12: Opal Alliance
12 Opal Alliance