Document ID: chunk:federal_register_of_legislation:C2025C00090:section:99acf
Version: federal_register_of_legislation:C2025C00090
Segment Type: section
Provision Reference: s 99ACF
Character Range: 350819–351842

99ACF  Statutory price reductions

Reduction equal to percentage etc.
 (1) Subject to sections 99ACG and 99ADHC, if:
 (a) a section or subsection referred to in column 2 of the table in this subsection applies to a listed brand of a pharmaceutical item on a day specified in the section or subsection (the reduction day); and
 (b) subsection (2) does not apply to the listed brand of the pharmaceutical item on the reduction day; and
 (c) on the day before the reduction day, an approved ex‑manufacturer price was, or one or more claimed prices were, in force for the listed brand of the pharmaceutical item;
then, subject to subsections (1A),  (2A) and (3), the approved ex‑manufacturer price is, and (if applicable) each of the claimed prices are, taken to be reduced, on the reduction day, by the percentage or method specified in column 3 of the table for the section or subsection referred to in column 2.

Statutory price reductions table
Item                              Section or subsection  Percentage or method