31Calculation of Commonwealth price under section 18

31 Calculation of Commonwealth price under section 18

Extemporaneously‑prepared pharmaceutical benefit without standard formula preparation (1) The Commonwealth price for the supply by an approved pharmacist of an extemporaneously‑prepared pharmaceutical benefit for which there is not a standard formula preparation may be worked out by the pharmacist under section 18 if the supply is made while an election by the pharmacist to work out that price in that way is in force under subsections (2) and (3) of this section. (2) The pharmacist may make the election in writing given to the Chief Executive Medicare.

Note: The pharmacist may revoke the election in the same way: see subsection 33(3) of the Acts Interpretation Act 1901 (as it applies because of section 13 of the Legislation Act 2003).

(3) The election is in force for the period specified in the election (which must be at least 3 months), unless it is revoked before the end of the period. Standard formula preparation with additive (4) Subject to subsection (5), the Commonwealth price for the supply, by an approved pharmacist, of a standard formula preparation plus an additive must be worked out under section 30. (5) If an approved pharmacist indicates that the pharmaceutical benefit is to be priced as if the prescription had specified only the standard formula preparation, the amount payable will be the Commonwealth price for the standard formula preparation, worked out under section 18.