New South Wales Consolidated Acts

PHARMACY PRACTICE ACT 2006 - SECT 24

24 Notification of pecuniary interests in pharmacy businesses

(1) A person who intends to acquire a pecuniary interest in a pharmacy business (other than such an interest referred to in section 25 (4)) must, at least 14 days before acquiring the interest, give written notice to the Board of the following matters:

(a) the nature of the interest and the date on which it is intended to be acquired,

(b) the basis on which the person is entitled to hold the interest under this Act (for example, as a registered pharmacist, a pharmacists’ body corporate or a friendly or other society under section 26).

Maximum penalty: 50 penalty units.

(2) A person who acquires a pecuniary interest in a pharmacy business as referred to in section 25 (4) must, within 28 days after acquiring the interest, give written notice to the Board of that fact, the nature of the interest concerned and the date on which it was acquired.

(3) A person who ceases to have a pecuniary interest in a pharmacy business must, within 14 days after doing so, give written notice to the Board of that fact and the nature of the interest concerned.

Maximum penalty: 50 penalty units.

(4) The regulations may prescribe additional matters to be included in a notice under this section.