Commonwealth Consolidated Acts Commonwealth Consolidated ActsAmount of reduction when charges are not indexed
(1) On each adjustment day before 1 January 2030, 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 Amount by which allowable discount is reduced |
1 | Allowable discount for a supply of a pharmaceutical benefit covered by paragraph 87(2)(a) | The amount that is the difference between: (a) the current figure of the concessional beneficiary charge at the start of 1 January 2025 (the frozen CBC ); and (b) the indexed amount of the concessional beneficiary charge that would have been substituted under section 99G for the concessional beneficiary charge on the adjustment day if: (i) subsection 99G(1B) were not enacted; and (ii) the concessional beneficiary charge immediately before the adjustment day were equal to the frozen CBC |
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 Amount by which allowable discount is reduced |
1 | Allowable discount for a supply of a pharmaceutical benefit covered by paragraph 87(2)(a) | The amount that is the difference between: (a) the current figure of the concessional beneficiary charge immediately before the adjustment day; and (b) the indexed amount of the concessional beneficiary charge that is substituted under section 99G for the concessional beneficiary charge on the adjustment day |
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 immediately before the adjustment day; and (b) the indexed amount of the general patient reduced charge that is substituted under section 99G for the general patient reduced charge on the adjustment day |
Allowable discount not to be less than nil
(3) However, if an allowable discount worked out under subsection (1) or (2) would be less than nil, the allowable discount is increased to nil.
Sunset
(4) This section ceases to be in force in relation to an allowable discount for a kind of supply of a pharmaceutical benefit at the end of the first adjustment day on which the allowable discount for that kind of supply is adjusted to nil under this section.