But surely the 'Iron Ring' would relish the possibility of setting up a complex and expensive regulatory regime for 'small' drones? Think of all the fees and paperwork that would be generated by a registration and licensing regime. Kick in a requirement for TSO'd ADS and we'd be just oozing safety.
Surely the 'Iron Ring' would have been whispering in Mr Carmody's ear already about the impending disaster if CASA does not step in?
I don't think it's just about understanding the objective risks. It's also about understanding whether and if so what regulatory response would be a cost-effective and practical mitigation of that risk, as well as assessing whether there are any other bigger risks that might be a more appropriate use of finite risk-mitigation resources.