🇦🇺Australia

TGA Enforcement Actions

1 verified sources

Definition

TGA can inspect, suspend ARTG entries, or impose requirements for systemic recall failures, resulting in lost revenue from delisted products.

Key Findings

  • Financial Impact: AUD 50,000-500,000+ in fines, legal costs, and revenue loss from ARTG suspension
  • Frequency: Per non-compliance incident
  • Root Cause: Delayed or improper notification/quarantine processes

Why This Matters

The Pitch: Wholesale Drugs firms in Australia 🇦🇺 face AUD 100,000+ fines or suspensions from recall failures. Automation of notifications ensures TGA compliance.

Affected Stakeholders

Sponsors, Regulatory Affairs, Directors

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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