Pharmacy Business Ownership Act 2024
sec.85Director, shareholder or beneficiary no longer spouse of practising pharmacist
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sec.85 Director, shareholder or beneficiary no longer spouse of practising pharmacist
This section applies if the council cancels a pharmacy business licence— on the ground mentioned in section 66 (1) (b) because a director or shareholder of a holder of the licence stops being a practising pharmacist’s spouse; or on the ground mentioned in section 66 (1) (d) because a beneficiary of a trust of which a holder of the licence is trustee stops being a practising pharmacist's spouse. The previous holder of the pharmacy business licence may continue to be an owner of, or to carry on, the pharmacy business to which the licence relates— for the period starting on the day the licence is cancelled and ending 1 year after that day; or for a longer period, of not more than 2 years starting on the day the licence is cancelled, approved by the council having regard to the decision criteria. See section 88 in relation to requirements about carrying on the pharmacy business. The council may grant an approval under subsection (2) (b) on conditions the council considers appropriate. Until the period mentioned in subsection (2) ends— sections 15 , 19 and 20 do not apply to the previous holder of the pharmacy business licence in relation to being an owner of, or carrying on, the pharmacy business; and section 16 does not apply to the former spouse of the practising pharmacist in relation to holding a material interest in the business. (sec.85-ssec.1) This section applies if the council cancels a pharmacy business licence— on the ground mentioned in section 66 (1) (b) because a director or shareholder of a holder of the licence stops being a practising pharmacist’s spouse; or on the ground mentioned in section 66 (1) (d) because a beneficiary of a trust of which a holder of the licence is trustee stops being a practising pharmacist's spouse. (sec.85-ssec.2) The previous holder of the pharmacy business licence may continue to be an owner of, or to carry on, the pharmacy business to which the licence relates— for the period starting on the day the licence is cancelled and ending 1 year after that day; or for a longer period, of not more than 2 years starting on the day the licence is cancelled, approved by the council having regard to the decision criteria. See section 88 in relation to requirements about carrying on the pharmacy business. (sec.85-ssec.3) The council may grant an approval under subsection (2) (b) on conditions the council considers appropriate. (sec.85-ssec.4) Until the period mentioned in subsection (2) ends— sections 15 , 19 and 20 do not apply to the previous holder of the pharmacy business licence in relation to being an owner of, or carrying on, the pharmacy business; and section 16 does not apply to the former spouse of the practising pharmacist in relation to holding a material interest in the business.
- (a) on the ground mentioned in section 66 (1) (b) because a director or shareholder of a holder of the licence stops being a practising pharmacist’s spouse; or