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NATIONAL HEALTH ACT 1953 - SECT 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a brand of a pharmaceutical item that has the drug has not been reduced under subsection   99ACF(1) or (2) because of repealed section   99ACH on a previous 5% price reduction day.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.


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