Section sch.2-sec.1 - Pharmacy Business Ownership Regulation 2025 - Definitions for schedule

sch.2-sec.1Definitions for schedule

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sch.2-sec.1 Definitions for schedule

In this schedule— tier 1 application means— an application by 1 person, if the person’s ownership of the pharmacy business to which the application relates— does not involve ownership as trustee of a trust; or involves ownership as trustee of only 1 trust; or an application made jointly by 2 persons, if— not more than 1 of the persons is a corporation; and the persons’ joint ownership of the pharmacy business to which the application relates— does not involve ownership as trustee of a trust; or involves ownership as trustee of only 1 trust. tier 2 application means— an application by 1 person, if the person’s ownership of the pharmacy business to which the application relates involves ownership as trustee of only 2 trusts; or an application made jointly by 2 persons, if— it is not a tier 1 application; and the persons’ joint ownership of the pharmacy business to which the application relates— does not involve ownership as trustee of a trust; or involves ownership as trustee of only 1 or 2 trusts; or an application made jointly by 3, 4 or 5 persons, if— not more than 2 of the persons are corporations; and the persons’ joint ownership of the pharmacy business to which the application relates— does not involve ownership as trustee of a trust; or involves ownership as trustee of only 1 or 2 trusts. tier 3 application means an application other than a tier 1 application or tier 2 application.

(a) an application by 1 person, if the person’s ownership of the pharmacy business to which the application relates— (i) does not involve ownership as trustee of a trust; or (ii) involves ownership as trustee of only 1 trust; or
(i) does not involve ownership as trustee of a trust; or
(ii) involves ownership as trustee of only 1 trust; or
(b) an application made jointly by 2 persons, if— (i) not more than 1 of the persons is a corporation; and (ii) the persons’ joint ownership of the pharmacy business to which the application relates— (A) does not involve ownership as trustee of a trust; or (B) involves ownership as trustee of only 1 trust.
(i) not more than 1 of the persons is a corporation; and
(ii) the persons’ joint ownership of the pharmacy business to which the application relates— (A) does not involve ownership as trustee of a trust; or (B) involves ownership as trustee of only 1 trust.
(A) does not involve ownership as trustee of a trust; or
(B) involves ownership as trustee of only 1 trust.
(i) does not involve ownership as trustee of a trust; or
(ii) involves ownership as trustee of only 1 trust; or
(i) not more than 1 of the persons is a corporation; and
(ii) the persons’ joint ownership of the pharmacy business to which the application relates— (A) does not involve ownership as trustee of a trust; or (B) involves ownership as trustee of only 1 trust.