Clifford Chance
New Australian pharmaceutical code increases reporting - with more to come
14 March 2013
On 20 December 2012, the Australian Competition and Consumer Commission (ACCC) authorised edition 17 of Medicines Australia’s Code of Conduct (MACC) for two years only. Medicines Australia had sought authorisation for five years.
The MACC is a voluntary code of conduct that regulates interactions between Medicines Australia’s pharmaceutical member companies and healthcare professionals, such as pharmacists and doctors. All member companies must adhere to the MACC.
Membership of Medicines Australia is voluntary, but its member companies supply 86% of the medicines that are available to Australian patients through the Pharmaceutical Benefits Scheme.
Member companies will now have more extensive reporting obligations to Medicines Australia, including in relation to the amount of fees and benefits they provide to healthcare professionals in Australia.
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