Document ID: chunk:federal_register_of_legislation:F2021C00083:reg:12
Version: federal_register_of_legislation:F2021C00083
Segment Type: reg
Provision Reference: reg 12
Character Range: 14977–16177

12  Container price
 (1) The price for a container for a ready‑prepared pharmaceutical benefit is the sum of:
 (a) the wholesale cost worked out under subsection (2); and
 (b) the mark‑up worked out under subsection (4).
 (2) The wholesale cost for a container will be based on the average of wholesale costs for a particular container, in a quantity of 100, as agreed by the Minister and the Pharmacy Guild of Australia for the supply of the container, by a wholesale drug distributor.
 (3) The wholesale cost must be agreed on or before 15 June in a year and takes effect on 1 August in that year.
 (4) For paragraph (1)(b), the mark‑up is 10% of the amount agreed under subsection (2).
 (5) For a mark‑up worked out under subsection (4), if the calculation of a percentage of the wholesale cost includes a fraction of a cent, the mark‑up is to be rounded up or down to the nearest cent, with an amount of 0.5 of a cent or more being rounded up to the next cent.
 (6) In this section:
container means:
 (a) for a ready‑prepared pharmaceutical benefit that is injectable—a vial with a capacity of 150 ml; or
 (b) for any other ready‑prepared pharmaceutical benefit—a vial with a capacity of 25 ml.