New Vic guid­ance

Pharmacy Daily - - News -

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.

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