Tax Laws Amendment (2006 Measures No. 5) Act 2006 (110 of 2006)
Schedule 2 GST car and pharmaceutical concessions
A New Tax System (Goods and Services Tax) Act 1999
1 After subsection 38-50(4)
Insert:
(4A) A supply of a drug, medicine or other pharmaceutical item is GST-free if the supply is on prescription and:
(a) it is supplied as a pharmaceutical benefit (within the meaning of section 5 of the Military Rehabilitation and Compensation Act 2004); and
(b) it is supplied in accordance with a determination made under paragraph 286(1)(c) of that Act.
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