Document ID: chunk:federal_register_of_legislation:C2012A00087:clause:1_71:p2
Version: federal_register_of_legislation:C2012A00087
Segment Type: clause
Provision Reference: sch 1 cl 71 (pt 2/3)
Character Range: 32498–35295

pharmaceutical item.
(7) If:
 (a) the price to pharmacists for the relevant quantity of the relevant brand of the pharmaceutical item is more than $1,000; and
 (b) the relevant quantity and the agreed quantity of the relevant brand of the pharmaceutical item are the same;
then the ex‑manufacturer price for the agreed quantity of the relevant brand of the pharmaceutical item is the amount worked out as follows:
where:
APP means the relevant APP of the relevant brand of the pharmaceutical item.
EMP means the ex‑manufacturer price for the agreed quantity of the relevant brand of the pharmaceutical item.
(8) If:
 (a) the price to pharmacists for the relevant quantity of the relevant brand of the pharmaceutical item is more than $1,000; and
 (b) the relevant quantity and the agreed quantity of the relevant brand of the pharmaceutical item are not the same;
then the ex‑manufacturer price for the agreed quantity of the relevant brand of the pharmaceutical item is the amount worked out as follows:
where:
APP means the relevant APP of the relevant brand of the pharmaceutical item.
AQ means the agreed quantity of the relevant brand of the pharmaceutical item.
EMP means the ex‑manufacturer price for the agreed quantity of the relevant brand of the pharmaceutical item.
RQ means the relevant quantity of the relevant brand of the pharmaceutical item.

Step 3—Work out the proportional ex‑manufacturer price
(9) Work out the proportional ex‑manufacturer price for the pricing quantity of the relevant brand of the pharmaceutical item on the commencement day as follows:
where:
AQ means the agreed quantity of the relevant brand of the pharmaceutical item.
EMP means the ex‑manufacturer price for the agreed quantity of the relevant brand of the pharmaceutical item.
PEMP means the proportional ex‑manufacturer price for the pricing quantity of the relevant brand of the pharmaceutical item.
PQ means the pricing quantity of the relevant brand of the pharmaceutical item on the commencement day.

Step 4—Repeat steps 1 to 3 for each relevant brand
(10) Repeat steps 1 to 3 above for each approved price to pharmacists of each relevant brand of the pharmaceutical item on the day before the commencement day.

Step 5—Work out the default approved ex‑manufacturer price
(11) The default approved ex‑manufacturer price of the relevant brand of the pharmaceutical item, and each of the relevant brands of the pharmaceutical item, on the commencement day is:
 (a) if, under subitem (9), there was only one proportional ex‑manufacturer price worked out for all of the relevant brands of the pharmaceutical item—the amount worked out under subitem (9); and
 (b) if, under subitem (9), there was more than one proportional ex‑manufacturer price worked out for those brands:
 (i) if the amount worked