If the tank is protected in a plastic outdoor container, then you don't have to worry about rust.
The rubber hoses are not designed to be exposed to weather 24/7/365...here in the US, the National Fire code calls for flexible metallic hoses to be used to transition to a hard-line through the wall pipe. Rubber hoses are designed as "temporary" installations and should be taken down at the end of each session.
I would also state that accidents can happen with brand new tanks -- any tank can cause an accident, new or old. Here in the US tanks are required to be tested every 5 years I believe, check for pressure containment as well as valve inspection. Reputible propane refillers/exchangers inspect the tanks every time.
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Chaotic Glass: Safety for the glassworker, and random thoughts and opinions on the state of the glassworking world
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