Pharmacy Business Ownership Act 2024

Each of the following is an eligible person—

a practising pharmacist;

a corporation whose directors and shareholders are all practising pharmacists;

a corporation—

whose directors and shareholders are a combination of practising pharmacists and close adult relatives of practising pharmacists; and

in which the majority of shares, and all voting shares, are held by practising pharmacists;

a friendly society that, on 29 April 2005, carried on a pharmacy business in Queensland or another State;

a friendly society that is an amalgamation of 2 or more friendly societies mentioned in paragraph (d);

Mater Misericordiae Ltd ACN 096 708 922.

In this section—

that is registered under the Corporations Act under a name that includes the words ‘friendly society’; and

that is not carrying on business for the dominant purpose of securing a profit or pecuniary gain for its members; and

for which any object or intention of providing a dividend to its members is a limited, and not a dominant, purpose; and

that applies its property and income towards the objects of the corporation.