100Conduct of assessments for identified risks

100 Conduct of assessments for identified risks

100 Conduct of assessments for identified risks

(1) In conducting an assessment for the purposes of section 99(1)(d), the rail transport operator must—

(a) examine and analyse each identified risk, including—

(i) the nature of the risk; and

(ii) the likelihood of the risk occurring; and

(iii) the magnitude and severity of the consequences should a risk be realised; and

(iv) the range of control measures available and considered to eliminate or minimise the risk; and

(b) consider risks cumulatively as well as individually; and

(c) use assessment methodologies that are appropriate to the risks under consideration.

(2) The rail transport operator must keep a detailed record of all aspects of the assessment process, including—

(a) the risks considered; and

(b) the likelihood, severity of consequences and control measures considered, including reasons for selecting certain control measures and rejecting others.