Document ID: chunk:federal_register_of_legislation:C2010A00126:clause:2_11
Version: federal_register_of_legislation:C2010A00126
Segment Type: clause
Provision Reference: sch 2 cl 11
Character Range: 19969–20919

11  Subsection 99ACF(5)
Repeal the subsection, substitute:
 (5) In this section:
outstanding staged percentage for a listed brand of a pharmaceutical item on a reduction day, means 25% less each staged percentage that has applied under item 4 of the table in subsection (1) to the brand of the pharmaceutical item on a day before the reduction day.
relevant price of a listed brand of a pharmaceutical item means:
 (a) for the agreed price or determined price—the amount that was the agreed price or determined price in force in relation to the brand of the pharmaceutical item on 31 July 2008; and
 (b) for the claimed price—the amount that was the claimed price in force in relation to the brand of the pharmaceutical item on the day before the reduction day.
staged percentage on a reduction day for a listed brand of a pharmaceutical item, means the percentage that is prescribed for the purposes of paragraph 99ACK(3)(b) for the reduction day.