In April 2017, PricewaterhouseCoopers (PwC) was jointly engaged by the Department of Agriculture and Water Resources and the Australian Pesticides and Veterinary Medicines Authority (APVMA) to undertake an independent review of the APVMA’s cost recovery arrangements. PwC was asked to provide an overview of the APVMA’s financial outcomes over the period 2014–15 through to 2016–17 and identify issues impacting the APVMA’s financial position and sustainability.
In its report, released 20 October 2017, PwC has identified the cost of the APVMA’s activities are not being covered by its current fee structure, which was last set in 2012. PwC has advised there is an imbalance between revenue and expense, which is forecast to grow without remedial action.
The APVMA has identified it will review its Cost Recovery Impact Statement in 2018–19 in its Corporate Plan 2017–18. Subject to government consideration, this will allow the APVMA to implement contemporary fee structures and cost recovery arrangements in 2019–20. This is normal activity for a government entity that recovers it costs by charging fees and levies.
|Australian Pesticides and Veterinary Medicines Authority – Review of Cost Recovery Arrangements PDF||20||635 KB|
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