Document ID: chunk:federal_register_of_legislation:F2024C00583:reg:25
Version: federal_register_of_legislation:F2024C00583
Segment Type: reg
Provision Reference: reg 25
Character Range: 29227–30839

25  Extemporaneously‑prepared pharmaceutical benefit—container price
 (1) The price for a container for an extemporaneously‑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 containers of that type, in the quantity agreed by the Minister and the Pharmacy Guild of Australia for the supply of the container, by a wholesale drug distributor.
 (3) For subsection (2), 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) If a wholesale drug distributor will not supply containers of a particular size or type in the purchase quantity agreed upon by the Minister and The Pharmacy Guild of Australia, the price of the purchase quantity is to be worked out by:
 (a)  multiplying:
 (i) the price of the smallest quantity larger than the agreed purchase quantity, in which the distributor will supply containers of that size and type; and
 (ii) the agreed purchase quantity; and
 (b) dividing the result worked out under paragraph (a) by the quantity that in which the distributor will supply.