Pharmacy Business Ownership Act 2024
sec.87Licence holder being insolvent etc.
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sec.87 Licence holder being insolvent etc.
This section applies if— the council cancels a pharmacy business licence on the ground mentioned in section 66 (1) (c) having regard to the matters mentioned in section 72 (g) or (h) ; and the property of the previous holder of the licence vests in, or comes under the control of, a trustee, liquidator, receiver or administrator. Sections 15 and 22 do not apply to the trustee, liquidator, receiver or administrator in relation to the pharmacy business to which the pharmacy business licence relates. Subsections (4) to (9) apply if the property of the previous holder of the pharmacy business licence vests in an administrator. The administrator may continue to carry on the pharmacy business to which the licence relates for a period, or periods, approved by the council. See section 88 in relation to requirements about carrying on the pharmacy business. In deciding whether to grant an approval under subsection (4) , the council must have regard to the decision criteria. Each period approved by the council under subsection (4) must not be more than 3 months. The total of all periods approved by the council under subsection (4) must not be more than 1 year. The council may grant an approval under subsection (4) on conditions the council considers appropriate. Sections 19 and 20 do not apply to the administrator in relation to carrying on the pharmacy business during any period approved by the council under this section. (sec.87-ssec.1) This section applies if— the council cancels a pharmacy business licence on the ground mentioned in section 66 (1) (c) having regard to the matters mentioned in section 72 (g) or (h) ; and the property of the previous holder of the licence vests in, or comes under the control of, a trustee, liquidator, receiver or administrator. (sec.87-ssec.2) Sections 15 and 22 do not apply to the trustee, liquidator, receiver or administrator in relation to the pharmacy business to which the pharmacy business licence relates. (sec.87-ssec.3) Subsections (4) to (9) apply if the property of the previous holder of the pharmacy business licence vests in an administrator. (sec.87-ssec.4) The administrator may continue to carry on the pharmacy business to which the licence relates for a period, or periods, approved by the council. See section 88 in relation to requirements about carrying on the pharmacy business. (sec.87-ssec.5) In deciding whether to grant an approval under subsection (4) , the council must have regard to the decision criteria. (sec.87-ssec.6) Each period approved by the council under subsection (4) must not be more than 3 months. (sec.87-ssec.7) The total of all periods approved by the council under subsection (4) must not be more than 1 year. (sec.87-ssec.8) The council may grant an approval under subsection (4) on conditions the council considers appropriate. (sec.87-ssec.9) Sections 19 and 20 do not apply to the administrator in relation to carrying on the pharmacy business during any period approved by the council under this section.