Commonwealth Consolidated Acts

NATIONAL HEALTH ACT 1953 - SECT 99ACP

  (1)   This section applies to a brand of a pharmaceutical item on the 15th anniversary price reduction day if:

  (a)   subsection   99ACB(5) or (5A) or 99ACD(5) or (5A) or section   99ACQ or subsection   99ACR(3) has applied to the brand of the pharmaceutical item; 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   8 in the table in section   99ACF; or

  (iv)   item   9 in the table in section   99ACF; and

  (c)   the item is not an exempt item.

Note:   See also section   99ACG.

  (2)   In this section, the 15th anniversary price reduction day is the 15th anniversary of the drug in the pharmaceutical item being listed as a listed drug.