(1) The Pricing Authority may perform its functions only:
(a) with respect to:
(i) the provision of pharmaceutical, sickness or hospital benefits; or
(ii) the provision of medical or dental services; or
(b) with respect to a corporation to which paragraph 51(xx) of the Constitution applies; or
(c) with respect to the granting of financial assistance to a State on such terms and conditions as the Parliament thinks fit; or
(d) with respect to matters that are peculiarly adapted to the government of a nation and that cannot otherwise be carried on for the benefit of the nation; or
(e) with respect to the executive power of the Commonwealth; or
(f) with respect to statistics; or
(g) with respect to, or in, a Territory; or
(h) with respect to, or in, a Commonwealth place (within the meaning of the Commonwealth Places (Application of Laws) Act 1970 ); or
(i) with respect to trade or commerce:
(i) between Australia and places outside Australia; or
(ii) among the States; or
(iii) within a Territory, between a State and a Territory or between 2 Territories; or
(j) with respect to the use of a postal, telegraphic, telephonic or other like service within the meaning of paragraph 51(v) of the Constitution; or
(k) with respect to the provision of a service to:
(i) the Commonwealth; or
(ii) an authority of the Commonwealth;
for a purpose of the Commonwealth; or
(l) with respect to insurance to which paragraph 51(xiv) of the Constitution applies; or
(m) with respect to matters incidental to the execution of any of the legislative powers of the Parliament or the executive power of the Commonwealth.
(2) A term used in this section and the Constitution has the same meaning in this section as it has in the Constitution.