The NFF understands that the costs associated with the APVMA’s regulatory activities are not covered by the current fee structure, and that the imbalance between revenue and expenditure will grow under current settings. We appreciate that changes to the cost recovery fee structure are needed to address under-recovery and ensure financial sustainability of the APVMA.
Transparency is critical, and in moving to increase cost recovery fees it is incumbent on the APVMA to demonstrate to registrants and end users how additional revenue will be allocated. The NFF also requests that in determining new fee arrangements consideration is given to the demand sensitivity of evaluation fees and the need to account for and incentivise ongoing regulatory efficiency improvements.
Akshata Giri
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