Commonwealth price (Pharmaceutical benefits supplied by approved pharmacists) Determination 2010
12Ready‑prepared pharmaceutical benefits—pharmacy mark‑up
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12 Ready‑prepared pharmaceutical benefits—pharmacy mark‑up
(1) For sub‑subparagraphs 11(1)(a)(i)(C) and 11(1)(c)(i)(C), and Step 1 of section 14, the pharmacy mark‑up for a pack quantity of a ready‑prepared pharmaceutical benefit is: (a) if the pack quantity for which a mark‑up is to be calculated under this section is equal to a maximum quantity of the pharmaceutical benefit, the mark‑up is the amount mentioned in the table below for the price to pharmacists for that quantity.
| Item | Price to Pharmacists for Maximum Quantity | Mark‑up for Maximum Quantity |
|---|---|---|
| 1 | ≤ $30 | 15% |
| 2 | > $30, ≤ $45 | $4.50 |
| 3 | > $45, ≤ $180 | 10% of price to pharmacists |
| 4 | > $180, ≤ $450 | $18.00 |
| 5 | > $450, ≤ $1 750 | 4% of price to pharmacists |
| 6 | > $1 750 | $70.00 |
(b) if the pack quantity for which a mark‑up is to be calculated under this section is not equal to a maximum quantity of the pharmaceutical benefit, the mark‑up is calculated as follows:
(i) calculate the price to pharmacists for the maximum quantity by applying the following formula:
PTP for PQ x MQ PQ where:
PTP for PQ is the price to pharmacists for the pack quantity (calculated in section 11A);
PQ is the pack quantity; and
MQ is the maximum quantity;
(ii) if the mark‑up that would apply to the maximum quantity is shown in the table in paragraph (a) as a monetary amount—the mark‑up for the pack quantity is that monetary amount reduced proportionately for the relative quantities; and
(iii) if the mark‑up that would apply to the maximum quantity is shown in the table in paragraph (a) as a percentage of price to pharmacists—the mark‑up for the pack quantity is that percentage of the price to pharmacists for the pack quantity.