New Vic guidance
THE Victorian Pharmacy Authority has released further guidance on pharmacy business commercial arrangements, with the aim of assisting pharmacists and stakeholders to check that their business arrangements comply with the legislation.
Published guidance documents now include items on pharmacy franchising, leasing, intellectual property licence agreements, loan agreements & security agreements, partnerships, sale of business agreements and service agreements.
The new documents supplement existing guidance on pharmacy trusts, and highlight “important provisions of the Pharmacy Regulation Act 2010” to be aware of when negotiating or entering into such agreements.
The Authority has also issued a reminder to proprietors about their responsibilities, confirming expectations that all owners of pharmacy businesses in Victoria will visit their pharmacies regularly.