Document ID: chunk:federal_register_of_legislation:C2007A00111:clause:1_99aci
Version: federal_register_of_legislation:C2007A00111
Segment Type: clause
Provision Reference: sch 1 cl 99ACI
Character Range: 58070–58767

99ACI  2% statutory price reduction

 (1) If:
 (a) on the day before a 2% price reduction day, a price agreement or a determination under section 85B is in force in relation to a listed brand of a pharmaceutical item; and
 (b) the drug in the pharmaceutical item is in Part A of F2 on the 2% price reduction day; and
 (c) the pharmaceutical item is not an exempt item on the 2% price reduction day;
this section applies to the listed brand of the pharmaceutical item on the 2% price reduction day.

Note: Section 99ACG may affect the operation of this section.

 (2) In this section, each of the following is a 2% price reduction day:
 (a) 1 August 2008;
 (b) 1 August 2009;
 (c) 1 August 2010.