Special rule—statutory price reduction for drugs on F1
99ACL Special rule—statutory price reduction for drugs on F1
Tenth anniversary of listing of drug falls on or before 1 June 2018
This subsection applies to a brand of a pharmaceutical item if:
the drug in the pharmaceutical item is on F1 on 1 June 2018 (the price reduction day); and
the price reduction day is on or after the tenth anniversary of the drug being a listed drug; and
subsection (2) is not satisfied in relation to the brand of the pharmaceutical item.
15th anniversary of listing of drug falls on or before 1 June 2018
This subsection applies to a brand of a pharmaceutical item if:
the drug in the pharmaceutical item is on F1 on 1 June 2018 (the price reduction day); and
the price reduction day is on or after the 15th anniversary of the drug being a listed drug.
This Act’s bill:Second reading speech
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