Document ID: chunk:federal_register_of_legislation:C2025C00090:section:99acja
Version: federal_register_of_legislation:C2025C00090
Segment Type: section
Provision Reference: s 99ACJA
Character Range: 361939–363184

99ACJA  5% statutory price reduction for drugs on F1—tenth anniversary
 (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) the 5% price reduction day is on or after the tenth anniversary of the drug being a listed drug; and
 (c) 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 3 in the table in section 99ACF; or
 (ii) item 3A in the table in section 99ACF; or
 (iii) item 5 in the table in section 99ACF; or
 (iv) item 7 in the table in section 99ACF; and
 (d) subsection 99ACR(4) has not applied to the brand of the pharmaceutical item; and
 (e) on or before the 5% price reduction day, the approved ex‑manufacturer price of the brand of the pharmaceutical item has not been previously reduced:
 (i) because of repealed section 99ACE or repealed section 99ACH; or
 (ii) under section 99ACQ; or
 (iii) under subsection 99ACR(3).
 (2) In this section, each of the following is a 5% price reduction day:
 (a) 1 April 2023;
 (b) 1 April 2024;
 (c) 1 April 2025;
 (d) 1 April 2026;
 (e) 1 April 2027.