Document ID: chunk:federal_register_of_legislation:C2025C00090:section:99ackb
Version: federal_register_of_legislation:C2025C00090
Segment Type: section
Provision Reference: s 99ACKB
Character Range: 365361–366612

99ACKB  30% statutory price reduction for certain drugs—15th anniversary
 (1) This section applies to a brand of a pharmaceutical item on the 30% price reduction day if:
 (a) the 30% price reduction day is on or after the 15th anniversary of the drug in the pharmaceutical item being a listed drug; 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 6 in the table in section 99ACF; or
 (iv) item 8 in the table in section 99ACF; and
 (c) the approved ex‑manufacturer price of the brand of the pharmaceutical item has not been reduced on or before the 30% price reduction day:
 (i) because of section 99ACB or 99ACD; or
 (ii) because of repealed section 99ACE or repealed section 99ACH; or
 (iii) under section 99ACQ; or
 (iv) under subsection 99ACR(3); and
 (d) subsection 99ACR(4) has not applied to the brand of the pharmaceutical item on or before the 30% price reduction day; and
 (e) the pharmaceutical item is not an exempt item.
Note: See also section 99ACG.
 (2) In this section, the 30% price reduction day is 1 April 2027.