Document ID: chunk:federal_register_of_legislation:C2025C00090:section:99acha
Version: federal_register_of_legislation:C2025C00090
Segment Type: section
Provision Reference: s 99ACHA
Character Range: 359384–360167

99ACHA  5% statutory price reduction for drugs on F1—fifth 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 fifth anniversary of the drug being a listed drug; and
 (c) the approved ex‑manufacturer price of a brand of a pharmaceutical item that has the drug has not been reduced under subsection 99ACF(1) or (2) because of repealed section 99ACH on a previous 5% price reduction day.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;
 (f) 1 April 2021;
 (g) 1 April 2022.