Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies in relation to the allowable discount for a supply of a pharmaceutical benefit covered by paragraph 87(2)(e).
Amount of reduction when charge is not indexed
(2) On 1 January 2025, the allowable discount is reduced by the amount that is the difference between:
(a) the current figure of the general patient charge at the start of that day; and
(b) the indexed amount of the general patient charge that, but for subsection 99G(1A), would have been substituted under section 99G for the general patient charge on that day.
Amount of reduction when charge is indexed
(3) On each adjustment day after 1 January 2025, the allowable discount is reduced by the amount that is the difference between:
(a) the current figure of the general patient charge immediately before the adjustment day; and
(b) the indexed amount of the general patient charge that is substituted under section 99G for the general patient charge on the adjustment day.
Allowable discount not to be less than nil
(4) However, if the allowable discount worked out under subsection (2) or (3) would be less than nil, the allowable discount is increased to nil.
(5) This section ceases to be in force at the end of the first adjustment day on which the allowable discount is adjusted to nil under this section.