Western Australian Numbered Acts

PHARMACY ACT 2010 (NO. 32 OF 2010) - SECT 55

55 .         Limit on ownership of, and interests in, pharmacy businesses

        (1)         A pharmacist must not own, or hold a proprietary interest in, more than 4 pharmacy businesses at any one time.

        (2)         A friendly society must not own, or hold a proprietary interest in, more than 4 pharmacy businesses at any one time.

        (3)         The preserved company must not own more than one pharmacy business at any one time.

        (4)         A close family member of a pharmacist must not hold a proprietary interest in more than 4 pharmacy businesses at any one time.

        (5)         A new friendly society must not acquire, or acquire a proprietary interest in, a pharmacy business, if the total number of pharmacy businesses which are owned by a new friendly society, or in which a new friendly society holds a proprietary interest, is 9 or more than 9.

        (6)         In subsection (5) —

        new friendly society means a friendly society that did not own, or hold a proprietary interest in, a pharmacy business in this State immediately before the repeal of the Pharmacy Act 1964 .

        Penalty: a fine of $50 000.