🇦🇺Australia

TGA Non-Compliance Fines

1 verified sources

Definition

Inadequate warranty and service contract management exposes firms to penalties for non-compliance with medical device safety and traceability.

Key Findings

  • Financial Impact: AUD 222,000 civil penalty per serious breach (TGA maximum)
  • Frequency: Per audit failure
  • Root Cause: Manual record-keeping and reporting delays

Why This Matters

The Pitch: Medical Equipment firms risk AUD 222,000 fines for TGA breaches in contract admin. Automation ensures vigilance reporting compliance.

Affected Stakeholders

Compliance Teams, Quality Assurance

Deep Analysis (Premium)

Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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