News & Trends - MedTech & Diagnostics
Reduced TGA charges for medical devices listed on the prostheses list
MedTech News: In response to the suspension of elective surgery due to COVID-19 and the significant impact this has had on parts of the medical devices industry, the Government has agreed to provide a 50% reduction in annual charges for certain medical devices.
The 50% reduction in annual charges will be prescribed for the 2020-21 financial year for medical devices included in the Australian Register of Therapeutic Goods (ARTG) as Class IIa, IIb, III and AIMD and which are listed prostheses as defined in the Private Health Insurance (Prostheses) Rules (No.1) 2020, as in force on 8 April 2020.
These charges are in the Therapeutic Goods (Charges) Regulations 2018
No action is required by eligible sponsors as the Therapeutic Goods Administration (TGA) will use the published Prostheses List (PL) as in force on 8 April 2020 with reference to the ARTG inclusion number to identify those devices which will be subject to the reduced charges. If the ARTG inclusion number for a device on the PL as in force on 8 April 2020 is not correct, contact the TGA by 31 July 2020.
The reduced annual charge would also apply to an ARTG entry where multiple products are included in the entry and only some products covered by the entry are listed on the PL.
Sponsors will receive an invoice in August for the 2020-21 annual charges, which will automatically include the reduced charges for such devices.
The complete TGA fees and charges schedule is available on the TGA website.
News & Trends - Pharmaceuticals
Will the new PBS campaign pressure the government to act?
Pharma News: The medicines industry is ramping up its campaign to slash delays in patient access to new and innovative […]
MoreNews & Trends - MedTech & Diagnostics
Private hospitals struggle despite surge in admissions: Financial crisis worsens as inflation outpaces benefits
MedTech & Diagnostics News: Private hospital admissions are on the rise, but this uptick is not enough to counter the […]
MoreDigital & Innovation
Health sector and government under scrutiny: Record data breaches expose millions
Digital & Innovation: The national privacy regulator has raised alarm over escalating threats, reporting a record surge in data breach notifications. […]
MoreMedical and Science
Diabetes research funding plummets by 35%: Consultation launched to reverse decline
Medical & Science: Australia’s diabetes crisis is deepening, with calls for urgent action growing louder. The Standing Committee on Health, […]
More