Document ID: chunk:federal_register_of_legislation:C2021A00139:clause:1_99acp
Version: federal_register_of_legislation:C2021A00139
Segment Type: clause
Provision Reference: sch 1 cl 99ACP
Character Range: 33699–34702

99ACP  1.48% statutory price reduction for certain drugs—15th anniversary
 (1) This section applies to a brand of a pharmaceutical item on the 15th anniversary price reduction day if:
 (a) subsection 99ACB(5) or (5A) or 99ACD(5) or (5A) or section 99ACQ or subsection 99ACR(3) has applied to the brand of the pharmaceutical item; and
 (b) the approved ex‑manufacturer price of the brand of the pharmaceutical item has not been previously reduced under subsection 99ACF(1) or (2) because of:
 (i) item 4 in the table in section 99ACF; or
 (ii) item 4A in the table in section 99ACF; or
 (iii) item 8 in the table in section 99ACF; or
 (iv) item 9 in the table in section 99ACF; and
 (c) the item is not an exempt item.
Note: See also section 99ACG.
 (2) In this section, the 15th anniversary price reduction day is the 15th anniversary of the drug in the pharmaceutical item being listed as a listed drug.

Subdivision E—Flow‑on of first new brand price reductions to existing brands and related brands