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Pharmacy Business Ownership Act 2001 – 1 November 2013

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Pharmacy Business Ownership Act 2001 – 1 November 2013

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In most instances, a person must not own a pharmacy business unless the person is a pharmacist. In addition, a pharmacist must not have a beneficial interest in more than 5 pharmacy businesses at the same time. Note: Within 21 days after a change of ownership of a pharmacy business, written notification is to be provided to the government. For the definition of ‘pharmacy business’, refer to the Schedule dictionary.

  • Sections 9, 139A, 139B, 139C, 139D, 139E, 139F, 139H, 141A, 141B, Schedule

A bill of sale, mortgage, lease, franchise, agency or other service or commercial arrangement for a pharmacy business is void to the extent it: (a) gives to a person, other than the owner of the business, the right to control in whole or part the way in which the business is carried on; or the right to receive any consideration that varies according to the profits or takings of the business; or (b) requires goods or services for the business to be obtained from a stated person or body.

  • Section 139I

A pharmacy business must be carried on under the personal supervision and management of a pharmacist.

  • Section 141
Reason for law

To promote the professional, safe and competent provision of pharmacy services; and to maintain public confidence in the pharmacy profession. (Section 8)

Relevant links

Pharmacy Ownership [Queensland Health]

The Pharmacy Guild of Australia – Queensland Branch

Critique

N/A

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