Business Cost Calculator - Help
Help
Get more help: phone: (02) 6271 6270, email: helpdesk@obpr.gov.au
 

Table of Contents

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About help
About the Business Cost Calculator
About access
Collapse Using the Business Cost CalculatorUsing the Business Cost Calculator
About cost categories
About compliance cost constraints
Navigation tabs
Start a new file
Open an existing file
Export a report
Save a file
Print
Close the Business Cost Calculator
Screen tools
Major actions
Collapse Home screenHome screen
Start a new file
Open an existing file
Collapse Calculate costs screenCalculate costs screen
Add an overview
Set up compliance cost constraints
Calculate costs
Collapse Add an overview formAdd an overview form
What to include
What next
Set up compliance cost constraints form
Collapse Calculate costs - no optionsCalculate costs - no options
Create an option
Collapse Calculate costs - 1 optionCalculate costs - 1 option
Create a task
See an option
Delete an option
Copy an option
Collapse Calculate costs - options addedCalculate costs - options added
Create a task
See an option
Reorder an option
Delete an option
Copy an option
Collapse Calculate costs - tasks addedCalculate costs - tasks added
Create an activity costing
See an option or a task
Reorder an option
Reorder a task
Delete an option or task
Copy an option or task
Show and hide tasks
Collapse Calculate costs - activities addedCalculate costs - activities added
See an option, task or activity costing
Reorder an option
Reorder a task
Reorder an activity costing
Delete an option, task or activity costing
Copy an option, task or activity costing
Show costings for years
Show and hide tasks
Show and hide activities in list
Form 1 - create an option
Form 2 - create a task
Form 3 - create activity costing
See cost summary
See calculation formula
Wage calculator
Collapse See report(s)See report(s)
Business Cost Calculator report
Business Cost Calculator present value report
Business Cost Calculator detailed report
Business Cost Calculator cost category report
Business Cost Calculator supporting evidence report
Frequently asked questions
Glossary
Helpful websites
Collapse TutorialTutorial
Enter the Calculate costs tab
Your feedback
What's a regulation
Compliance costs
What's a BCC report
What's a Regulation Impact Statement (RIS)

Business Cost Calculator present value report

Here, you get option information, including its description and the businesses affected, total present value of costs per business and total present value of costs for all businesses. You'll also see ongoing costs. These are affected by the timeframe and discount rate you've chosen and applied. This means, you can see the costs businesses face now and into the future.

It's assumed the ongoing costs are recognised on 1 January of every year.

You can't add current and future costs without including a timeframe and discount rate. Businesses often prefer to defer their costs. (This reflects the fact that money not spent now can be invested to return the original funds, plus interest, at some time in the future.)

To add costs over time, you need to 'discount' them, that is, calculate the present value. The discount rate reflects the interest that could be earned on the money over the timeframe you've given. The default discount rate is 7 per cent, but you can enter your own discount rate.

The present value formula used is:

  • Present value for Year n ongoing cost = Year n ongoing cost / (1 + discount rate)(n-1), where n = 1 to n years and the cost is recognised on January 1 of Year n.

Discount rate

This is the percentage costs that'll likely increase per year if the costs are ongoing.

7% appears automatically. You can change this by entering a new number in the field.

Timeframe (in years)

This is the number of years the option will likely be active. For example, it might be active for 2 years or 10 years.

The number you enter will affect what you see in the report.

Note: If you have variable ongoing costs in your proposal, your timeframe will already be entered for you.

Options

Do you only want to report on one option? Choose the option from the drop-down. Click the Show report button, or fill in the explanatory info, then click the Show button.

Explanatory information

Here, you can add more info to your report, explaining its content or providing some background. You can also include feedback from consultation and any benefits that arise from the option. Click the Show report button.

Handy hint! You can cut and paste the info from another document, for example, a Microsoft Word document.

You don't have to fill this in to see the report.

Important! When pasting text into the Business Cost Calculator, you will lose any formatting, such as bold or bullet points.

Report info

Here, you can see all the report details after you have clicked the Show report button. This info is from the Calculate costs tab.

Click the Export to Excel button. This will let you save the report.

It will be saved as an .xls file. What does this mean? You can then open the report in MS Excel.