The Australia Institute made a submission to the Joint Committee on Law Enforcement inquiry into trade in elephant ivory and rhino horn. The proposal to ban domestic trade in ivory and rhino horn would likely bring relatively large benefits and small costs. Benefits would reinforce domestic bans in countries such as China, Hong Kong and the UK.
Any costs are likely to be borne by owners of certified items with some use value, such as musical instruments. These costs can be mitigated in several different ways.