Contents
1............ Short title............................................................................................. 1
2............ Commencement................................................................................... 2
3............ Schedule(s)......................................................................................... 2
Schedule 1—Simplified price disclosure 3
National Health Act 1953 3
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Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.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]