W5, Pharmacy Business Regulation 2 Flashcards
Who is pharmacy ownership restricted to?
Restricted to pharmacists and corporate entities controlled by pharmacists
> ownership is not part of the national registration accrediation scheme
Provisions exist in all jurisidictions for pharmacy except?
Except the Australian Capital Territory
> these provisions exist to enable friendly societies to own pharmacies
What do provisions in certain jurisdictions (except for ACT) provide for?
Provide for relatives or partners of a pharmacist to have minority shares in a pharmacy
What does the northern territory legislation provide?
Provides for aboriginal health services to own pharmacies
What does the Queensland legislation provide?
In QLD, the mater misccerodiae health services brisbane ltd may also own pharmacy business
How many pharmacies can a pharmacists own/co-own in ACT and NT?
No restrictions
How many pharmacies can a pharmacists own/co-own in WA and Tasmania?
4
> WA –> pharmacists dont have to live in WA to own one
How many pharmacies can a pharmacists own/co-own in Queensland, NSW, Victoria?
5
How many pharmacies can a pharmacists own/co-own in South Australia ?
6
Who can pharmacies be owned by?
Pharmacist or corporate entity
Pharmacy premises are currently registered/licensed in all jurisdictions except?
Queensland, Northern Territory, and the Australian Capital Territory
Pharmacy registration board of western australia established under?
Under the pharmacy act 2010 (the act)
What does section 54 of the pharmacy act 2010 state?
Section 54 of the Act states that:
A person must not own, or hold the proprietary interest in, a pharmacy business unless the person is
A) a pharmacist; or
B) a person who is a partner in a partnership that carries on the business and in wich every partner is either
> a pharmacist or
> a close family member of a partner who is a pharmacist
OR
C) pharmacist controlled company or
D) friendly society
E) preserved company
What does a close family member mean?
- spouse, defacto partner, child or parent of the pharmacist
- another family member in a relationship with the pharmacist prescribed by the regulations for the purposes of this definition –> defined as a spouse, de facto partner, child or parent of the pharmacist
What is a pharmacist controlled company?