Document ID: chunk:federal_register_of_legislation:C2022C00026:clause:1_29
Version: federal_register_of_legislation:C2022C00026
Segment Type: clause
Provision Reference: sch 1 cl 29
Character Range: 20866–22490

29  Paragraphs 99ACE(3)(a) and (b)
Repeal the paragraphs, substitute:
 (a) in a price agreement, specify an agreed price for the related brand of the related item that comes into force on the reduction day and, subject to subsections (4B) and (5), does not exceed the approved ex‑manufacturer price for the related brand of the related item, on the day before the reduction day, reduced by 25%; or
 (b) in a price agreement, specify an agreed price for the related brand of the related item that comes into force on the reduction day and, subject to subsections (4B) and (5A), does not exceed:
 (i) 60% of the approved ex‑manufacturer price of the related brand of the related item on 1 January 2016; or
 (ii) if subparagraph (i) does not apply—60% of the original approved ex‑manufacturer price of the related brand of the related item; or
 (c) in a price determination, specify a determined price for the related brand of the related item that comes into force on the reduction day and, subject to subsections (4B) and (5), does not exceed the approved ex‑manufacturer price for the related brand of the related item, on the day before the reduction day, reduced by 25%; or
 (d) in a price determination, specify a determined price for the related brand of the related item that comes into force on the reduction day and, subject to subsections (4B) and (5A), does not exceed:
 (i) 60% of the approved ex‑manufacturer price of the related brand of the related item on 1 January 2016; or
 (ii) if subparagraph (i) does not apply—60% of the original approved ex‑manufacturer price of the related brand of the related item.