Pharmacies have steady revenue and are often seen as an ideal family investment. But in Victoria pharmacy ownership is tightly restricted by law, and not just anyone can invest or hold shares. Signing an investment agreement without understanding the rules can put the pharmacy's licence at risk.
How the law restricts ownership
In Victoria, generally only registered pharmacists, companies owned and controlled by pharmacists and a few other eligible entities may own a pharmacy or hold a proprietary interest in one. There is also a cap on how many pharmacies one owner may hold.
Trusts, franchises and third-party arrangements
The Victorian Pharmacy Authority reviews trust beneficiaries, franchise agreements and other commercial arrangements with third parties, to make sure outsiders cannot indirectly control a pharmacy or share in its profits through agreements.
What can family members do?
Non-pharmacist relatives can be involved within limits, for example as employees, but cannot hold a proprietary interest or control professional decisions. Families should check the rules before arranging shares, loans or succession.
Before you sign
- Confirm the eligibility of every shareholder, director and beneficiary
- Review control clauses in franchise or banner agreements
- Plan the timing of licensing and premises registration
- Note that rules differ between states; this article covers Victoria
Need help?
Before you sign or pay a deposit, book a 30-minute paid consultation. We work in Mandarin and English; contact us on WhatsApp at +61 490 369 102 or call +61 3 9602 3988.
This article contains general information only and is not legal advice. You should not rely on it for any specific matter. The law may change; please book a consultation for advice on your circumstances.
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