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  • Seismic hazard assessments in stable continental regions such as Australia face considerable challenges compared with active tectonic regions. Long earthquake recurrence intervals relative to historical records make forecasting the magnitude, rates and locations of future earthquakes difficult. Similarly, there are few recordings of strong ground motions from moderate-to-large earthquakes to inform development and selection of appropriate ground motion models (GMMs). Through thorough treatment of these epistemic uncertainties, combined with major improvements to the earthquake catalog, a National Seismic Hazard Assessment (NSHA18) of Australia has been undertaken. The resulting hazard levels at the 10% in 50-year probability of exceedance level are in general significantly lower than previous assessments, including hazard factors used in the Australian earthquake loading standard (AS1170.4–2007 [R2018]), demonstrating our evolving understanding of seismic hazard in Australia. The key reasons for the decrease in seismic hazard factors are adjustments to catalog magnitudes for earthquakes in the early instrumental period, and the use of modern ground-motion attenuation models. This article summarizes the development of the NSHA18, explores uncertainties associated with the hazard model, and identifies the dominant factors driving the resulting changes in hazard compared with previous assessments.