PBS Medicines definition
Examples of PBS Medicines in a sentence
Any order of PBS Medicines from the High Volume List (other than Low Volume PBS Medicines) must be for at least the Minimum Order Quantity unless the Community Pharmacy agrees to pay an additional fee in accordance with this clause.
If a Community Pharmacy requests the Company to Supply less than the Minimum Order Quantity of PBS Medicines from the High Volume List (other than Low Volume PBS Medicines), then in addition to any other charge provided for under this Deed, the Company may charge an additional amount deemed appropriate by the Company at their discretion for the increased service requirement.
The PBS Medicines Package 2017 (Package) is intended to support the National Medicines Policy and appropriately balance the need to: ensure patients can continue to have timely access to PBS subsidised medicines that are necessary to improve the health of the community; promote and improve the quality use of medicines; ensure a cost effective and sustainable PBS; and support the viability of the sectors that support the PBS, including the innovator medicines sector.
The Data will comprise specified Data on Sales of CSO Products, separately identifying the volume of Sales relating to PBS Medicines and NDSS Products and including any fees charged by the Company to a Distribution Point.
If a Community Pharmacy requests and the Company agrees to Supply any PBS Medicines quicker than the Guaranteed Supply Period then, in addition to any other charge provided for under this Deed, the Company may charge an additional amount deemed appropriate by the Company at their discretion for the further service requirement.
For multi-Branded PBS Medicines, the CSO Distributor must hold Stock of at least one Innovator Brand and one additional Brand which is Benchmark Priced.
Funding for the State Based CSO Funding Pool is apportioned across each Month and is calculated by: Identifying the volume of PBS Medicines supplied under the CSO to Community Pharmacies by each State Based CSO Distributor; and From this, deriving a ratio for each State that compares the volume of CSO Sales of PBS Medicines by each State Based CSO Distributor in a State to the total volume of CSO Sales of PBS Medicines by all State Based CSO Distributors across Australia.
On this basis: the Administration Agency will notify the Company of its performance against the applicable Threshold for Sales of Low Volume PBS Medicines in each Year and Month within the Term; and Sanctions may be applied if the Company fails to meet the applicable Threshold for Sales of Low Volume PBS Medicines in any Year or Month.
In accordance with clause 12 of this Deed, Sanctions may be applied when the Company does not meet its Obligations under this Deed, including those relating to Supply of PBS Medicines and NDSS Distribution Services and/or its Obligations under the CSO Operational Guidelines.
Payments will be made from the CSO Funding Pool to CSO Distributors that meet their Obligations under this Deed in relation to PBS Medicines, including the CSO Compliance Requirements and CSO Service Standards.