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:
- The Anniversary Price Reductions Fact Sheet
- The Explanatory Memorandum to the National Health Amendment (Pharmaceutical Benefits-Budget and other Measures) Bill 2017.
Lists of drugs affected by anniversary price reductions can be found on the following pages:
- Five Year Anniversary 5% Price Reduction - List of Affected Drugs
- Ten Year Anniversary 10% Price Reduction - List of Affected Drugs
- Fifteen Year Anniversary Price Reduction - List of Affected Drugs
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 |
