Commonwealth Consolidated Regulations

NATIONAL HEALTH (PHARMACEUTICAL BENEFITS) REGULATIONS 1960 - REG 37D

                For subsection 99ADB (3) of the Act, the approved ex-manufacturer price of a brand of a pharmaceutical item (other than a listed brand of a pharmaceutical item to which regulation 37DA applies) is worked out as follows:

                (a)    if the approved price to pharmacists of the brand is $1 000 or less -- by dividing the approved price to pharmacists by 1.0752 and rounding the result to the nearest cent (rounding 0.5 cents upwards); or

               (b)    in any other case -- by taking $69.94 from the approved price to pharmacists.