The Therapeutic Products Bill is with the Select Committee after first reading in December 2022.
The bill would replace the Medicines Act, but extend far beyond the current Act’s coverage. It will set up a new regulator broadly modelled on the Australian Therapeutic Goods Administration (TGA). The former regulator Medsafe will disappear into this entity.
It will set up a new regime for “Natural Health Products” dietary supplements and some topical creams although whether that extends to skin care cosmetics is not clear in the bill, but is possible.
Manufacturers and importers of Natural Health Products will need to meet new requirements and costs for auditing of factories and the current food regulatory approvals issued by MPI will be invalid.Sunscreens would be regulated as therapeutic adding significant costs to importers and manufacturers who would then need to get approvals from the new regulator.
The bill if passed will come into full effect by 2026 however some parts will come into effect far earlier where it is a direct replacement of the Medicines Act.
There will be significant additional regulations to be made under the Act and there will be considerable discretionary power given to the regulator to produce these with oversight only resting with the Minister.Action: CosmeticsNZ are working with Accord in Australia and have drafted our submission on behalf of members. Once this is finalised, we will share with you all and ask that YOUR ORGANISATION also makes a direct submission as numbers count. Feel free to use the content we share but be sure to brand it yourselves. More to follow.
Action: CosmeticsNZ are working with Accord in Australia and have drafted our submission on behalf of members. Once this is finalised, we will share with you all and ask that YOUR ORGANISATION also makes a direct submission as numbers count. Feel free to use the content we share but be sure to brand it yourselves. More to follow.
DEADLINE FOR SUBMISSIONS: 15th FEBRUARY 2023
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