New on FRL: Therapeutic Goods Legislation Amendment (Fees and Other Measures) Regulations 2024

This Instrument, available here, increases fees relating to therapeutic goods to support cost recovery by 4.7% for the 2024-25 financial year. It also introduces some new fees to appropriately cost recover for the administration of the therapeutic goods regulatory scheme.

The 4.7 % indexation increase was calculated using the same formula used in most previous years to calculate adjustments to TGA fees and charges. The formula is comprised of the Australian Bureau of Statistics’ Consumer Price Index (50 per cent) and Wage Price Index (50 per cent), (both for the year to September 2023). This increase is stated to be in line with the TGA’s cost recovery model and complements the Therapeutic Goods (Charges) Amendment (2024 Measures No. 1) Regulations 2024 (below), which increase therapeutic goods charges for 2024-25. Please see the Explanatory Statement for more information.

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