3BMeaning of "interest in a pharmacy business"

3B Meaning of "interest in a pharmacy business"

[Section 3B Inserted by No. 22 of 2016, s. 6, Applied:01 Jan 2017]

(1)  For the purposes of this Act, the expression interest in a pharmacy business means any legal or beneficial interest in the business, including an interest as –

(a) a sole proprietor; or

(b) a partner; or

(c) a director, member or shareholder of a company as defined in the Corporations Act; or

(d) a trustee or beneficiary of, or unit holder in, a trust.

(2)  Without limiting the generality of subsection (1) , a person will be taken to have an interest in a pharmacy business for the purposes of this Act if the person is party to an arrangement of a kind prescribed by the regulations.