Statutory Regulations

Executive Summary

As of 1 April 2018, the statutory regulations were updated to impose a rebate of 7.80%, similar to the PPRS. The previous 15% price cut for prescription-only medicines (POMs) that existed on 1 December 2013 can be reversed. This section describes the current statutory regulations, looking at the process for new and existing presentations, the information requirements and new additions from the previous scheme.