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Cost recovery impact statement - Prescription medicines, 1 July 2013 - 30 June 2014
6. Periodic review
TGA is currently reviewing its ABC methodology to ensure that the fees and charges cover the costs of the services provided for the sector in an effective and efficient manner that is consistent with the Cost Recovery Guidelines. The current ABC methodology indicates presence of an over recovery in the prescription medicines sector. Following the review of the methodology, TGA will consult with the prescription medicines sector on the options to address the over-recovery with the implementation of any changes expected to occur in the 2014-15 financial year.