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New Anniversary Price Reductions and Ministerial Discretion guidance material available

Page last updated: 20 April 2018

Guidance material on new Anniversary Price Reductions and Ministerial Discretion arrangements, that were signed into law on 21 February 2018, is now available through the PBS Pricing pages of the PBS Website.

This includes lists of medicines that will take ten and fifteen year Anniversary Price Reductions on 1 June 2018.

Further updates related to the 'First New Brand' statutory price reduction changes from 16 per cent to 25 per cent and related Ministerial Discretion will be made available soon, in advance of their commencement date on 1 October 2018.

If you would like further information prior to publication of this material on the PBS website, an explanation of the new provisions can be found in the Explanatory Statement to the amendments.