Document ID: chunk:federal_register_of_legislation:C2022C00026:clause:1_26
Version: federal_register_of_legislation:C2022C00026
Segment Type: clause
Provision Reference: sch 1 cl 26
Character Range: 18591–19561

26  After subsection 99ACE(1)
Insert:
 (1A) If paragraph 99ACD(1A)(d) has applied in relation to a new brand of a new combination item, then this section applies to the related brand of the related item as if:
 (a) section 99ACD had applied to the new brand of the new combination item; and
 (b) the current price for the new brand of the new combination item is the new agreed price; and
 (c) the day that paragraph 99ACD(1A)(d) is satisfied is the same day as the reduction day.

Circumstances in which section does not apply
 (1B) This section does not apply in relation to the related brand of the related item if, on the day before the reduction day:
 (a) the approved ex‑manufacturer price of the related brand of the related item on 1 January 2016; or
 (b) if paragraph (a) does not apply—the original approved ex‑manufacturer price of the first listed related brand of the related item;
has, by virtue of previous price reductions, been reduced by 40% or more.