Document ID: chunk:federal_register_of_legislation:C2022C00026:clause:1_28
Version: federal_register_of_legislation:C2022C00026
Segment Type: clause
Provision Reference: sch 1 cl 28
Character Range: 19649–20866

28  After subsection 99ACE(2)
Insert:
 (2A) 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 related brand of the related item;
has, by virtue of previous price reductions, been reduced by:
 (c) 15% or less, paragraph (3)(a) or (c), or (4)(a) or (c), as the case requires, applies; and
 (d) more than 15% but less than 40%, paragraph (3)(b) or (d), or (4)(b) or (d), as the case requires, applies.
Note: If previous price reductions have been 40% or more, see subsection (1B).
 (2B) If, on the day before the reduction day:
 (a) the claimed price for a particular pack quantity of the related brand of the related item on 1 January 2016; or
 (b) if paragraph (a) does not apply—the original claimed price for a particular pack quantity of the related brand of the related item;
has, by virtue of previous price reductions, been reduced by:
 (c) 15% or less, paragraph (4A)(a) applies; and
 (d) more than 15% but less than 40%, paragraph (4A)(b) applies.
Note: If previous price reductions have been 40% or more, see subsection (1B).