In March 2004, the American Association of Physicists in Medicine (AAPM) published an update to the AAPM Task Group No. 43 Report (TG-43) which was initially published in 1995. This update was pursued primarily due to the marked increase in permanent implantation of low-energy photon-emitting brachytherapy sources in the United States over the past decade, and clinical rationale for the need of accurate dosimetry in the implementation of interstitial brachytherapy. Additionally, there were substantial improvements in the brachytherapy dosimetry formalism, accuracy of related parameters and methods for determining these parameters. With salient background, these improvements are discussed in the context of radiation dosimetry. As an example, the impact of this update on the administered dose is assessed for the model 200 (103)Pd brachytherapy source.