PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 700 What is an acceptable level of risk

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 700

700 What is an acceptable level of risk

(1) For a risk to a person or property to be at an
"acceptable level" , the activities must be carried out so that the level of risk for the activities—

(a) is within acceptable safety limits, having regard to each relevant safety requirement; and

(b) is as low as is reasonably practicable.

(2) To decide whether the level of risk is within acceptable safety limits and as low as reasonably practicable, regard must be made to—

(a) the likelihood of injury or illness to a person, or of property damage, from the risk; and

(b) the probable severity of the injury, illness or damage; and

(c) whether or not the risk is avoidable by reasonable means.