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Pharmacy Business Ownership Act 2024
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Turn the raw legal text into a practical explanation grounded in Pharmacy Business Ownership Act 2024.
This section applies if the circumstances relating to any of the following matters change for a holder, or a director or shareholder of a holder, of a pharmacy business licence— a matter mentioned in section 72 (a) to (e) or (g) to (j) ; a matter mentioned in section 72 (j) that the holder, director or shareholder knows, or ought reasonably to know, the council considered in deciding whether to grant the licence. The holder, director or shareholder must give the council notice of the change within 14 days after the change, unless the holder, director or shareholder has a reasonable excuse. Maximum penalty—50 penalty units. If a corporation commits an offence against this provision, an executive officer of the corporation may be taken, under section 203 , to have also committed the offence. However, the holder, director or shareholder does not commit an offence against subsection (2) if— the change relates to a contravention of this Act, the Health Practitioner Regulation National Law or the Medicines and Poisons Act 2019 ; and complying with the subsection might tend to incriminate the person or expose the person to a penalty. (sec.76-ssec.1) This section applies if the circumstances relating to any of the following matters change for a holder, or a director or shareholder of a holder, of a pharmacy business licence— a matter mentioned in section 72 (a) to (e) or (g) to (j) ; a matter mentioned in section 72 (j) that the holder, director or shareholder knows, or ought reasonably to know, the council considered in deciding whether to grant the licence. (sec.76-ssec.2) The holder, director or shareholder must give the council notice of the change within 14 days after the change, unless the holder, director or shareholder has a reasonable excuse. Maximum penalty—50 penalty units. If a corporation commits an offence against this provision, an executive officer of the corporation may be taken, under section 203 , to have also committed the offence. (sec.76-ssec.3) However, the holder, director or shareholder does not commit an offence against subsection (2) if— the change relates to a contravention of this Act, the Health Practitioner Regulation National Law or the Medicines and Poisons Act 2019 ; and complying with the subsection might tend to incriminate the person or expose the person to a penalty.