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We have recently found great information regarding the IRS Processing Dates Chart.
In different countries, different names are used to describe the same medicinal ingredient.
Over the years, some medicine ingredient names in Australia have become out of date.
The transition periods for these two activities have been coordinated as much as possible to reduce the impact on sponsors.
Please download these materials to help raise awareness about ingredient name changes.
We have attached both images from the IRS and see the quoted information below to learn more about the upcoming IRS Processing Dates Chart.
We are updating some medicine ingredient names used in Australia to align with names used internationally.This has been done by a number of other countries over the years, including the United Kingdom in 2003 and New Zealand in 2008.Some changes are minor, for example changing a 'y' to an 'i', and will not affect how the ingredient name is pronounced. For these products, medicine labels will need to use both the old and new ingredient name for an additional three years after the end of the transition period (until 2023) to help consumers and healthcare professionals become familiar with the new name.The more user friendly simple Refund Schedule, 2016 IRS E-File Cycle Chart for Tax Year 2015.For example, medicines containing lignocaine will need to be dual labelled as 'lidocaine (lignocaine)'.
The TGA has also announced other changes to medicine labels.