(1) This section applies to a mandatory transport safety decision that may result in significant costs or expenses being incurred by a person whose interests are affected by the decision.
(2) The Director, Transport Safety must—
(a) conduct or cause to be conducted a cost-benefit analysis of a mandatory transport safety decision; and
(b) consult with—
(i) the Premier, the Treasurer and any other Minister whose area of responsibility may be affected by a mandatory transport safety decision; and
(ii) the person whose interests are affected by a mandatory transport safety decision.
(3) The cost-benefit analysis and consultation must be conducted—
(a) in accordance with guidelines prepared under section 176; and
(b) before a mandatory transport safety decision is made unless the Director, Transport Safety considers that the mandatory transport safety decision must be made immediately to protect public safety.
(4) If a mandatory transport safety decision is made immediately to protect public safety, the cost-benefit analysis and consultation must be conducted as soon as practicable after the decision is made.