Commonwealth Consolidated Acts

NATIONAL HEALTH ACT 1953 - SECT 99ACKA

  (1)   This section applies to a brand of a pharmaceutical item on a 26.1% price reduction day if:

  (a)   the 26.1% 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 26.1% 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  (ii)   because of repealed section   99ACE or repealed section   99ACH; or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 26.1% price reduction day; and

  (e)   the pharmaceutical item is not an exempt item.

Note:   See also section   99ACG.

  (2)   In this section, each of the following is a 26.1% price reduction day :

  (a)   1   April 2023;

  (b)   1   April 2024;

  (c)   1   April 2025;

  (d)   1   April 2026.