Pharmacy Business Ownership Act 2024
sec.55Criteria for grant
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sec.55 Criteria for grant
The council may grant an application under section 53 only if satisfied— the applicant is still a fit and proper person to own a pharmacy business; and for an application to add the name of a person as a holder of a material interest in the pharmacy business, the person— is permitted, under section 16 , to hold a material interest in the pharmacy business; and does not already hold an interest in the maximum number of pharmacy businesses permitted under section 17 for the person; and for an application to remove the name of a person as a holder of a material interest in the business—the person no longer holds a material interest in the business; and for an application to add, or remove, the name of a person as a director of a holder of the pharmacy business licence that is a corporation—the person is, or is no longer, a director of the holder.
- (a) the applicant is still a fit and proper person to own a pharmacy business; and
- (b) for an application to add the name of a person as a holder of a material interest in the pharmacy business, the person— (i) is permitted, under section 16 , to hold a material interest in the pharmacy business; and (ii) does not already hold an interest in the maximum number of pharmacy businesses permitted under section 17 for the person; and
- (i) is permitted, under section 16 , to hold a material interest in the pharmacy business; and
- (ii) does not already hold an interest in the maximum number of pharmacy businesses permitted under section 17 for the person; and
- (c) for an application to remove the name of a person as a holder of a material interest in the business—the person no longer holds a material interest in the business; and
- (d) for an application to add, or remove, the name of a person as a director of a holder of the pharmacy business licence that is a corporation—the person is, or is no longer, a director of the holder.
- (i) is permitted, under section 16 , to hold a material interest in the pharmacy business; and
- (ii) does not already hold an interest in the maximum number of pharmacy businesses permitted under section 17 for the person; and