Pharmacy Business Ownership Act 2024
sec.31Term
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sec.31 Term
A pharmacy business licence— is granted for the term of up to 1 year stated in the licence; and comes into effect on the day stated in the licence. A pharmacy business licence stops having effect if— the licence is suspended, cancelled or surrendered under division 4 ; or each holder of the licence disposes of the holder’s entire interest as an owner of the pharmacy business to which the licence relates; or for a pharmacy business licence held by only 1 person—the holder of the licence dies. However, a pharmacy business licence that is suspended stops having effect only for the period of the suspension. (sec.31-ssec.1) A pharmacy business licence— is granted for the term of up to 1 year stated in the licence; and comes into effect on the day stated in the licence. (sec.31-ssec.2) A pharmacy business licence stops having effect if— the licence is suspended, cancelled or surrendered under division 4 ; or each holder of the licence disposes of the holder’s entire interest as an owner of the pharmacy business to which the licence relates; or for a pharmacy business licence held by only 1 person—the holder of the licence dies. (sec.31-ssec.3) However, a pharmacy business licence that is suspended stops having effect only for the period of the suspension.
- (a) is granted for the term of up to 1 year stated in the licence; and
- (b) comes into effect on the day stated in the licence.
- (a) the licence is suspended, cancelled or surrendered under division 4 ; or
- (b) each holder of the licence disposes of the holder’s entire interest as an owner of the pharmacy business to which the licence relates; or
- (c) for a pharmacy business licence held by only 1 person—the holder of the licence dies.