Alex White (Dublin South, Labour) | Oireachtas source

The name is being changed to bring the board more in line with its extended functions. It will take account of the additional powers and requirements set out in the Act. It is more appropriate for the board to be known as the health products regulatory authority and thus take account of its new functions. It will include medical devices in general. The title "health products" has a broader remit.

I had not considered the costs but I take the point raised by Deputy Mitchell O'Connor.