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New Zealand Regulatory Impact Statement on a proposal for a trans Tasman agency to regulate therapeutic products

November 2002

Contents of document

  1. Problem definition
    • Pharmaceuticals
    • Complementary medicines
    • Medical devices
    • Magnitude of risk
    • Trans-Tasman Mutual Recognition Arrangement (TTMRA)
  2. Public policy objectives
    • Health objectives
    • Wider objectives
  3. Feasible options
    • Non-regulatory options
    • Regulatory options
    • Options for resolving the existing special exemption under the Trans-Tasman Mutual Recognition Arrangement
  4. Net benefit of the proposal
  5. Consultation undertaken
  6. Business compliance cost statement
    • Sources of compliance costs
    • The parties likely to be affected
    • Compliance cost spread for the complementary medicines sector
    • Incremental compliance costs
    • Risks associated with estimates
    • Key issues identified in consultation
    • Overlapping compliance requirements with other agencies
    • Steps to minimise compliance costs

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