Commonwealth Price Sample Clauses
The 'Commonwealth price' clause defines the specific pricing terms that apply when goods or services are supplied to the Commonwealth government. Typically, this clause outlines how prices are calculated, whether they are fixed or subject to adjustment, and may specify inclusions such as taxes, delivery, or other costs. For example, it might require that the price offered to the Commonwealth is no less favorable than that offered to other customers. The core function of this clause is to ensure transparency and fairness in pricing, protecting the Commonwealth from being overcharged and providing a clear basis for payment under the contract.
Commonwealth Price. 4.2.1 The Commonwealth price has been set on the basis of a formula which comprises the Ex-Manufacturer Price plus allowances for the supply of PBS medicines over and above that price.
4.2.2 In agreeing to a Commonwealth price for a particular medicine, the Commonwealth includes allowances for:
(a) the cost to the approved pharmacist (price to pharmacists), which includes two components:
(i) production of the medicine (Ex-Manufacturer Price); and
(ii) wholesale distribution of the medicine;
(b) the administration, handling and storage costs entailed in dispensing medicines by the pharmacy, including associated infrastructure; and
(c) a pharmacist’s specialised skills in dispensing the medicines.
4.2.3 The components of the Commonwealth price during the Term, as agreed by the Commonwealth and the Guild, are as set out in Table 3 below. Additional detail on how these components are defined, calculated and applied will be set out in the Determination. wholesale ▇▇▇▇-up[1] 1 July Where the Ex- 7.52% of the Ex- (for RPPBs) 2015 Manufacturer Price Manufacturer Price per is up to and dispense including $930.06 Where the Ex- $69.94 per dispense Manufacturer Price is over $930.06 [1] The wholesale ▇▇▇▇-up for a pack quantity of a listed brand is calculated using the relevant quantity. administration, handling and infrastructure fee 1 July 2015 For a pack quantity of a listed brand with a price to pharmacists less than $180 $3.49 per dispense For a pack quantity of a listed brand with a price to pharmacists from $180 to $2,089.71 $3.49, plus 3.5% of the amount by which the price to pharmacists exceeds $180, per dispense For a pack quantity of a listed brand with a price to pharmacists more than $2,089.71 $70.00 per dispense dispensing fee (for RPPBs) 1 July 2015 $6.93 per dispense dispensing fee (for EPPBs) 1 July 2015 Dispensing fee for RPPBs, plus $2.04, per dispense dangerous drug fee (for RPPBs) 1 July 2015 $2.91 per dangerous drug dispensed
4.2.4 The:
(a) AHI Fee;
(b) dispensing fee for RPPBs; and
(c) dangerous drug fee for RPPBs,
4.2.5 The wholesale ▇▇▇▇-up set out in Table 3 will not be Indexed during the Term.
4.2.6 The only change to EPPB pricing under this Agreement is the introduction of the AHI Fee.
Commonwealth Price. As electronic prescriptions evolve during the 7CPA, patient choice on where prescriptions are filled will remain a priority and the Department of Health and the Guild will continue to work together to ensure this is not compromised.
Commonwealth Price.
3.2.1 The Commonwealth Price has been set on the basis of a formula, which comprises the Ex-Manufacturer Price plus allowances for the supply of PBS medicines over and above that price.
3.2.2 In agreeing to a Commonwealth Price for a particular medicine, the Commonwealth includes allowances for:
(a) the cost to the Approved Pharmacist (Price to Pharmacists);
(b) the administration, handling and storage costs entailed in dispensing medicines by the pharmacy, including associated infrastructure; and
(c) a pharmacist’s specialised skills in dispensing the medicines.
3.2.3 Subject to this clause 3, the components of the Commonwealth Price that apply during the Term (in addition to the Ex-Manufacturer Price), as agreed by the Commonwealth and the Pharmacy Guild, are as set out in Table 3. Additional detail on how these components are defined, calculated and applied will be set out in the Determination. Table 3 Components of the Commonwealth Price4 wholesale mark-up (for Ready-Prepared Pharmaceutical Benefits)5 Where the Ex- Manufacturer Price is up to and including $5.50 $0.41 per dispense Where the Ex- Manufacturer Price is over $5.50 and up to and including $720 7.52% of the Ex-Manufacturer Price per dispense Where the Ex- Manufacturer Price is over $720 $54.14 per dispense Tier One AHI Fee For a Listed Brand with a Price to Pharmacists for Maximum Quantity less than $100 $4.79 per dispense of Maximum Quantity 4 The figures referred to in Table 3 of this Agreement are as at 1 July 2024. Some components of the Commonwealth Price will be subject to Indexation in accordance with clause 3.2.4, and the Tier One AHI Fee may be reduced in accordance with clause 5 and Appendix A.
Commonwealth Price. 1Purpose This clause 2, as well as clause 3 and Appendix B, are an agreement between the Minister and the Guild for the purposes of subsection 98BAA(1) of the Act.