Anniversary Price Reductions

Page last updated: 28 November 2018

Drugs listed on F1 are subject to statutory price reductions on the fifth, tenth, and fifteenth year anniversary of the date that the drug was listed on the PBS. The percentage reductions applied on the different anniversaries are set out in the following table.

Anniversary

Percentage reduction

5 Year

5%

10 Year

10%

15 Year

5%

Further explanation of Anniversary Price Reductions can be found in:

Lists of drugs affected by anniversary price reductions can be found on the following pages:

Key Dates

Anniversary reductions are applied on specific days of the year. The schedule of anniversary reduction days can be found in the tables below.

Five Year Anniversary

Date Drug Listed on PBS

Reduction day

On or before 1 April 2011

1 April 2016

Between 2 April 2011 and 1 April 2012

1 April 2017

Between 2 April 2012 and 1 April 2013

1 April 2018

Between 2 April 2013 and 1 April 2014

1 April 2019

Between 2 April 2014 and 1 April 2015

1 April 2020

Between 2 April 2015 and 1 April 2016

1 April 2021

Between 2 April 2016 and 1 April 2017

1 April 2022

Ten Year Anniversary

Date Drug Listed on PBS

Reduction day

On or before 1 June 2008

1 June 2018

Between 2 June 2008 and 1 April 2009

1 April 2019

Between 2 April 2009 and 1 April 2010

1 April 2020

Between 2 April 2010 and 1 April 2011

1 April 2021

Fifteen Year Anniversary

Date Drug Listed on PBS

Reduction day

On or before 1 June 2003

1 June 2018

Between 2 June 2003 and 1 April 2004

1 April 2019

Between 2 April 2004 and 1 April 2005

1 April 2020

Between 2 April 2005 and 1 April 2006

1 April 2021