Document ID: chunk:federal_register_of_legislation:F2024L00482:reg:6
Version: federal_register_of_legislation:F2024L00482
Segment Type: reg
Provision Reference: reg 6
Character Range: 167273–169075

6               Duration and cost of the recovery process
It is anticipated that the recovery process will not be achieved prior to the scheduled five-year review of the recovery plan. The cost of implementation of this plan should be incorporated into the core business expenditure of the responsible organisations, and through additional funds obtained for the explicit purpose of implementing this recovery plan. It is expected that Commonwealth and state agencies will use this plan to prioritise actions to protect the species and enhance its recovery, and that projects will be undertaken according to agency priorities and available resources. All actions are considered important steps towards ensuring the long-term survival of the species. The indicative cost of recovery plans actions was derived from expert elicitation and public comments received in 2019 and 2020.
Table 2 Summary of recovery actions and estimated costs for the first five years of implementation (as of 2022) A
Action      Year 1      Year 2      Year 3      Year 4      Year 5      Total
Strategy 1  $1,350,000  $1,350,000  $1,350,000  $1,350,000  $1,350,000  $6,750,000
Strategy 2  $555,000    $475,000    $475,000    $475,000    $475,000    $2,455,000
Strategy 3  $125,000    $50,000     $50,000     $50,000     $50,000     $325,000
Strategy 4  $340,000    $275,000    $275,000    $200,000    $275,000    $1,365,000
Strategy 5  $415,000    $415,000    $665,000    $415,000    $415,000    $2,325,000
Strategy 6  $120,000    $120,000    $120,000    $120,000    $120,000    $600,000
Strategy 7  $30,000     $30,000     $60,000     $30,000     $40,000     $190,000
TOTAL       $2,935,000  $2,715,000  $2,995,000  $2,640,000  $2,725,000  $14,010,000

A these estimated costs do not take into account inflation over time.