Document ID: chunk:federal_register_of_legislation:C2015A00089:clause:1_99acha
Version: federal_register_of_legislation:C2015A00089
Segment Type: clause
Provision Reference: sch 1 cl 99ACHA
Character Range: 9700–10390

99ACHA  5% statutory price reduction for drugs on F1
 (1) This section applies to a brand of a pharmaceutical item on a 5% price reduction day if:
 (a) the drug in the pharmaceutical item is on F1 on the 5% price reduction day; and
 (b) on the 5% price reduction day, the drug in the pharmaceutical item has been on F1 for at least 5 years; and
 (c) the approved ex‑manufacturer price of a brand of a pharmaceutical item that has the drug has not been reduced under this Subdivision on a previous 5% price reduction day.
 (2) In this section, each of the following is a 5% price reduction day:
 (a) 1 April 2016;
 (b) 1 April 2017;
 (c) 1 April 2018;
 (d) 1 April 2019;
 (e) 1 April 2020.