16   EPA to prepare draft PEP and impact statement

(1)  The EPA:

(a)  may prepare a draft of the policy, and

(b)  if it does so, must prepare an impact statement relating to the draft policy.

(2)  The impact statement is to include all of the following:

(a)  the desired environmental outcomes,

(b)  the reasons for the policy and the environmental impact of not making the policy,

(c)  a statement of the alternative methods of achieving the desired environmental outcomes and the reasons why those alternatives have not been adopted,

(d)  an identification and assessment of the economic and social impact on the community (including industry) of making the policy,

(e)  a statement of the manner in which any regional environmental differences in New South Wales have been addressed in the development of the policy,

(f)  the intended date for the making of the policy,

(g)  the timetable (if any) for the implementation of the policy,

(h)  the transitional arrangements (if any) in relation to the policy.