Document ID: chunk:federal_register_of_legislation:C2022C00026:clause:2_99acl
Version: federal_register_of_legislation:C2022C00026
Segment Type: clause
Provision Reference: sch 2 cl 99ACL
Character Range: 38190–39011

99ACL  Special rule—statutory price reduction for drugs on F1

Tenth anniversary of listing of drug falls on or before 1 June 2018
 (1) This subsection applies to a brand of a pharmaceutical item if:
 (a) the drug in the pharmaceutical item is on F1 on 1 June 2018 (the price reduction day); and
 (b) the price reduction day is on or after the tenth anniversary of the drug being a listed drug; and
 (c) subsection (2) is not satisfied in relation to the brand of the pharmaceutical item.

15th anniversary of listing of drug falls on or before 1 June 2018
 (2) This subsection applies to a brand of a pharmaceutical item if:
 (a) the drug in the pharmaceutical item is on F1 on 1 June 2018 (the price reduction day); and
 (b) the price reduction day is on or after the 15th anniversary of the drug being a listed drug.