PHARMACY LOCATION RULE CHANGES
The Minister for Health and Ageing has amended the National Health (Australian Community Pharmacy Authority Rules) Determination (“The Rules”). The Determination was made in February and came into effect on the 17th March 2009 and
METHASOFT METHADONE DISPENSING SYSTEM
Health administrations nationally are increasingly seeking to integrate recovering addiction patients back into the community. Retail Pharmacy can and does play an important role in addiction care programs that provide treatment and support in achieving
BUDGET FOR IT
Ever set off to travel somewhere and did not know where you were going? Have an idea of where you are heading but no clue on how to get there – unless you look at
KEEPING YOUR PHARMACY FINANCIALLY HEALTHY
It is always difficult in times of uncertainty, with volumes of negative news and headlines, not to question how things impact your business. However, as a Pharmacy owner you’re not alone, particularly when it comes
2009 – WHAT DOES THE YEAR HOLD FOR PHARMACY?
The unprecedented collapse of world financial markets along with the destruction of a lot of personal wealth certainly took the wind out of the sails of many in 2008! Continual stories of pending doom and
SURVIVE AND THRIVE IN TURBULENT TIMES
2009 has started with disturbing news of higher unemployment, brought on by the turbulence in the financial markets and downturns in sectors like tourism, construction, and the motor trade. The good news for the pharmacy
DO YOUR PAYSLIPS MEET LEGISLATIVE REQUIREMENTS?
Australian workers are entitled to receive statement of earnings for each pay period in the form of a payslip. A payslip provides employees with a convenient summary of earnings for each pay period and can
FRANCHISING TRENDS IN PHARMACY
Rewind 140 years or so to find that in 1863 the world’s first commercial franchise was granted by Singer Sewing Machine Company, which allowed franchise owners to sell products using the Singer name. Although franchising
NEW SUPER HEADACHES FOR SMES
Small business operators will be burdened with additional administrative challenges if not prepared for the new Quarterly Superannuation Guarantee which takes effect on 1 July 2003, cautioned Scott Doyle, Managing Director of ADP Employer Services.
REPRESENTATIONS AND WARRANTIES
With almost all sales of businesses, a vendor will endeavour to present the business in the most positive manner and as a consequence, will make certain representations in order to encourage a purchaser’s interest. These
DID YOU HEAR THE ONE ABOUT THE BUYER THAT WALKS INTO THE PHARMACY AND MAKES AN OFFER?
If a buyer enters your pharmacy and asks whether you are interested in selling, what then?
LEGAL DUE DILIGENCE IN PHARMACY TRANSACTIONS
It is common to see in almost all contracts for pharmacy business sales a clause making the sale conditional upon a satisfactory financial due diligence exercise being carried out by the purchaser’s accountant. As a