Subscribe


PD breaking news – ACCC to authorise Code of Conduct with strengthened reporting

Authorisation to come into effect on 16 May. 

The Australian Competition and Consumer Commission (ACCC) has said it will grant conditional authorisation to Medicines Australia’s 18th Code of Conduct.

The ACCC’s final determination, released today, said a condition of authorisation to make sure all relevant transfers of value were reported would be that healthcare professionals were made aware that transfers of value would be reported before providing it.

This would avoid the potential for healthcare professionals to withdraw consent once a transfer was made, the ACCC said.

Medicines Australia had until 01 Oct 16 to amend the Code to reflect this, the ACCC said.

There would be a transitional year, from 01 Oct 15 to 01 Oct 16, where the Code as currently written would apply, and the 17th Code of Conduct would apply until 01 Oct this year, an ACCC spokesperson said.

Other conditions included that transparency data be published in a commonly accessible format and be made available for at least three years.

The ACCC has previously said it would not require the reporting of food and beverage expenditure (PD 09 Feb) but today said it might reconsider this if it became aware that removal of such reporting had shown “significant” increases in this expenditure.

Authorisation would be granted for five years and come into effect on 16 May, provided there was no application for review made, it said.

Medicines Australia had 21 days to go to the Australian Competition Tribunal or could re-write its Code in order that it did not require authorisation by the ACCC, the spokesperson said.

 For more, see Monday’s Pharmacy Daily.


The above Breaking News Alert was sent to Pharmacy Daily subscribers on 24 Apr 15

Make a comment...



Established in 2007, Pharmacy Daily is Australia's leading pharmacy industry publication, and is sent as a free subscription to people across the industry as a PDF newsletter every weekday.

Register for Pharmacy Daily trial subscription

To sign up for a free subscription, click on the button at right.

Click here to see a sample issue of Pharmacy Daily.

Click here for more information on subscriptions.

Alternatively, you can search our site via the search box on the right hand side of the page, or find other content below.

Recent Pharmacy Daily articles

19 Jan

Dispensary Corner 19 Jan 18 - IT MAKES perfect sense for the operation ...


19 Jan

PBA data released - THE Pharmacy Board of Australia has released ...


19 Jan

‘Out of pocket pain’ - THE Consumers Health Forum (CHF) has announced ...


19 Jan

Cannabis PBS listing? - VICTORIAN Health Minister Jill Hennessy has confirmed ...


19 Jan

Industrial hemp meet - THE Australian Industrial Hemp Conference is calling ...


19 Jan

S3 advertising permitted - THE Therapeutic Goods Administration has confirmed that ...


19 Jan

Codeine story ‘misleading’ - WHILE the rescheduling of products containing codeine ...


18 Jan

Travel Specials 18 Jan 18 - VIEW & Verandah Sale by Holland America ...


18 Jan

Dispensary Corner 18 Jan 18 - NEWLYWEDS from Northern Ireland have wasted no ...


18 Jan

CW float speculation - THE owners of Chemist Warehouse may be ...


18 Jan

Life-Long Learning - THE Australian Pharmacy Council has announced the ...


18 Jan

FIP Glasgow regos - REGISTRATIONS have opened for the 78th International ...


18 Jan

Vic Guild election - THE Victorian Branch of the Pharmacy Guild ...


18 Jan

Blood clot warning - A DRUG that women use as a ...


18 Jan

TGA reformats PIs - EFFECTIVE 01 Jan this year, all product ...


18 Jan

PBA competency standards - THE Pharmacy Practitioner Development Committee (PPDC) met ...


18 Jan

The eyes have it - RESEARCH conducted by the University of Queensland ...


18 Jan

Pharmacy role in National Pain Plan - PHARMACISTS have been identified as key advisors ...


18 Jan

SHPA affirms codeine move - THE Society of Hospital Pharmacists of Australia ...


17 Jan

Ibuprofen Double Strength 400 - ARROW Pharmaceuticals announces the launch of Chemists' ...



Show Pharmacy Daily items by month: