Document ID: chunk:federal_register_of_legislation:C2007A00111:clause:1_85ad
Version: federal_register_of_legislation:C2007A00111
Segment Type: clause
Provision Reference: sch 1 cl 85AD
Character Range: 22093–22958

85AD  Price agreements

 (1) The Minister and the responsible person for a listed brand of a pharmaceutical item may, from time to time, agree, by reference to a quantity or number of units of the pharmaceutical item, an amount that is, for the purposes of this Part, taken to be the appropriate maximum price for sales of the brand of the pharmaceutical item to approved pharmacists.

Note: Division 3A limits the Minister's power to agree to amounts for the purposes of subsection (1).

 (2) It does not matter that at the time the agreement is made:
 (a) the person is not yet the responsible person; or
 (b) the item is not yet a pharmaceutical item.
However, the person must be the responsible person, and the item must be the pharmaceutical item, at the time the amount referred to in subsection (1) comes into force.

 (3) The agreement must be in writing.