PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 701 When acceptable level of risk is achieved

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 701

701 When acceptable level of risk is achieved

An acceptable level of risk to a person or property, from activities at an operating plant is achieved if management and operating systems are in effect that—

(a) identify, analyse and assess risk; and

(b) remove, minimise or modify unacceptable or avoidable risks; and

(c) monitor levels of risk; and

(d) investigate and analyse the cause of actual, or high potential, incidents at the plant to prevent or reduce their recurrence; and

(e) review the effectiveness of implemented risk control measures, and take appropriate corrective and preventative action; and

(f) comply with any relevant regulation.