Document ID: chunk:federal_register_of_legislation:C2024A00073:clause:2_2
Version: federal_register_of_legislation:C2024A00073
Segment Type: clause
Provision Reference: sch 2 cl 2
Character Range: 19028–20489

2     Allowable discount for a supply of a pharmaceutical benefit covered by paragraph 87(2)(b)  The amount that is the difference between:
                                                                                                 (a) the current figure of the general patient reduced charge at the start of 1 January 2025 (the frozen GPRC); and
                                                                                                 (b) the indexed amount of the general patient reduced charge that would have been substituted under section 99G for the general patient reduced charge on the adjustment day if:
                                                                                                 (i) subsection 99G(1B) were not enacted; and
                                                                                                 (ii) the general patient reduced charge immediately before the adjustment day were equal to the frozen GPRC

Amount of reduction when charges are indexed
 (2) On each adjustment day after 1 January 2029, an allowable discount specified in column 1 of an item of the following table is reduced by the amount specified in column 2 of that item.

Item  Column 1                                                                                   Column 2

      Allowable discount                                                                         Amount by which allowable discount is reduced