Senate debates

Thursday, 28 August 2008

National Health Amendment (Pharmaceutical and Other Benefits — Cost Recovery) Bill 2008

Second Reading

12:49 pm

Photo of Jan McLucasJan McLucas (Queensland, Australian Labor Party, Parliamentary Secretary to the Minister for Health and Ageing) Share this | Hansard source

I seek leave of the Senate to make a very short statement.

Leave granted.

In my summing up speech I referred to the cost recovery as a percentage of overall revenue—the $14 million cost to the industry as opposed to overall revenue of $18 billion. Unfortunately, the calculator was broken and I said 0.008 per cent. The figure was actually 0.078 per cent or 0.08 per cent rounded up to two decimal places. It is not a lot of money in the scheme of things, but the calculation was incorrect and I wanted to correct the record.

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