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Economic modelling and financial quantification of the regulatory impact of proposed changes to codeine scheduling
November 2016 (Final report)
This report has been prepared as outlined in the Background section. The services provided in connection with this engagement comprise an advisory engagement, which is not subject to assurance or other standards issued by the Australian Auditing and Assurance Standards Board and, consequently no opinions or conclusions intended to convey assurance have been expressed.
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Third party reliance
This report is solely for the purpose set out in the Background section and for the Therapeutic Goods Administration, and is not to be used for any other purpose or distributed to any other party (with the exception of providing the report for review by the Office of Best Practice Regulation in the Department of the Prime Minister and Cabinet) without KPMG's prior written consent.
This report has been prepared at the request of the Therapeutic Goods Administration in accordance with their Official Order for 'The provision of economic modelling and financial quantification of the regulatory, social and economic impacts of the proposed regulatory options for the rescheduling of codeine as outlined in the Department of Health request for quote and statement of requirements and with the response provided by KPMG' dated 02 August 2016. Other than our responsibility to the Therapeutic Goods Administration, neither KPMG nor any member or employee of KPMG undertakes responsibility arising in any way from reliance placed by a third party on this report. Any reliance placed is that party's sole responsibility.
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