National Health Amendment (Simplified Price Disclosure) Act 2014

No. 6, 2014

An Act to amend the National Health Act 1953, and for related purposes

Contents

1 Short title

2 Commencement

3 Schedule(s)

Schedule 1—Simplified price disclosure

National Health Act 1953

National Health Amendment (Simplified Price Disclosure) Act 2014

No. 6, 2014

An Act to amend the National Health Act 1953, and for related purposes

[Assented to 13 March 2014]

The Parliament of Australia enacts:

1  Short title

  This Act may be cited as the National Health Amendment (Simplified Price Disclosure) Act 2014.

2  Commencement

  This Act commences on the day this Act receives the Royal Assent.

3  Schedule(s)

  Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1—Simplified price disclosure

National Health Act 1953

1  Subsection 99ADB(1) (definition of relevant day)

Repeal the definition, substitute:

relevant day means the day after the end of the period in respect of which the weighted average disclosed price of the brand of the pharmaceutical item is determined.

2  Subsection 99ADH(2)

Repeal the subsection, substitute:

 (2) For the purposes of paragraph (1)(aa), the reduction day must be:

 (a) 1 April or 1 October in any year; or

 (b) another prescribed day.

3  Application of amendments

The amendments made by this Schedule apply in relation to a period for which a weighted average disclosed price of a brand of a pharmaceutical item is determined, if the period ends on or after 1 February 2014.

[Minister’s second reading speech made in—

House of Representatives on 21 November 2013

Senate on 5 December 2013]