99ACKB30% statutory price reduction for certain drugs—15th anniversary

99ACKB 30% statutory price reduction for certain drugs—15th anniversary

(1) This section applies to a brand of a pharmaceutical item on the 30% price reduction day if: (a) the 30% price reduction day is on or after the 15th anniversary of the drug in the pharmaceutical item being a listed drug; and (b) 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 4 in the table in section 99ACF; or (ii) item 4A in the table in section 99ACF; or (iii) item 6 in the table in section 99ACF; or (iv) item 8 in the table in section 99ACF; and (c) the approved ex‑manufacturer price of the brand of the pharmaceutical item has not been reduced on or before the 30% price reduction day: (i) because of section 99ACB or 99ACD; or (ii) because of repealed section 99ACE or repealed section 99ACH; or (iii) under section 99ACQ; or (iv) under subsection 99ACR(3); and (d) subsection 99ACR(4) has not applied to the brand of the pharmaceutical item on or before the 30% price reduction day; and (e) the pharmaceutical item is not an exempt item.

Note: See also section 99ACG.

(2) In this section, the 30% price reduction day is 1 April 2027.