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Compliance

2 Compliance funding

Funding for ACVM Group compliance activities comes from a variety of sources. Crown funding is provided for activities where there is no clear beneficiary¹ or no identifiable party causing the compliance activity, or where the preliminary work investigating an allegation identifies that there is no cause for concern. Crown funding is also applied to investigations leading to prosecutions and actual prosecutions.

There is a compliance component charged in the fees for registration and in annual fees². This funding is used to cover the costs of the reality checks undertaken by the Compliance and Investigation Group (CIG) of the NZFSA and survey or monitoring work carried out by (or on behalf of the Approvals and ACVM Group). These fees also cover the costs of any initial activity, such as the undertaking of a class determination by the ACVM Group where a concern turns out to be unfounded.

Regular monitoring activity and short-term programmes are funded directly by the parties that are the subject of the activity. ACVM Group and third party agencies’ (TPAs) actual time and any associated costs are recovered under the ACVM Act.

¹ A beneficiary can be a group of people or organisations

² Annual fees applied to registered products and to some groups of exempted products