42C Restriction on authorised prescribers and delegated prescribers holding interest in pharmacies

(1)

No authorised prescriber or delegated prescriber may hold an interest in a pharmacy other than a pharmacy for which the person holds a licence to operate, except with the consent of the licensing authority and in accordance with any conditions or restrictions imposed by that authority.

(2)

No person who has an interest in a pharmacy may permit or enable any authorised prescriber or delegated prescriber to hold or acquire that or any other interest in the pharmacy contrary to subsection (1).

(3)

The licensing authority may not give its consent under subsection (1) unless it is satisfied that there are sufficient safeguards to prevent the issue of prescriptions, the manner in which prescriptions are issued, or the other provision of health care by the authorised prescriber or delegated prescriber from being influenced by the commercial or financial interests of the authorised prescriber, or delegated prescriber, or any other person holding an interest in the pharmacy.

Section 42C: inserted, on 18 September 2004, by section 11 of the Medicines Amendment Act 2003 (2003 No 50).

Section 42C heading: amended, on 1 July 2014, by section 22(1) of the Medicines Amendment Act 2013 (2013 No 141).

Section 42C(1): amended, on 1 July 2014, by section 22(2) of the Medicines Amendment Act 2013 (2013 No 141).

Section 42C(2): amended, on 1 July 2014, by section 22(3) of the Medicines Amendment Act 2013 (2013 No 141).

Section 42C(3): amended, on 1 July 2014, by section 22(4)(a) of the Medicines Amendment Act 2013 (2013 No 141).

Section 42C(3): amended, on 1 July 2014, by section 22(4)(b) of the Medicines Amendment Act 2013 (2013 No 141).