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Abstract
Australian governments spend millions of dollars each year on pre
border, border and post border biosecurity programs. While the
resourcing of some of these programs is determined by existing
deeds of agreement, others, particularly in relation to
environmental and social pests and diseases, fall outside of existing
decision frameworks. This paper presents a new biosecurity
investment decision framework based on economic principles that
aims to produce more objectively determined decisions. It
determines whether a role for government exists in relation to a
specific problem through the application of market failure tests and
then guides the user to the most efficient cost recovery mechanism.
The framework is presently under active consideration for use by
Industry & Investment NSW and would be suitable for wider
application.