Sale of Pharmacy

June 4, 2013

If you are considering buying or selling a pharmacy business, you should take some time to investigate the regulations around transfer of business under the Fair Work Act 2009. It’s important you are aware of your obligations around employee entitlements. What happens to employment records on a transfer of business? • The old employer is required to transfer the employment record for each transferring employee when the transfer of assets occurs. • If the transferring employee becomes an employee of the new employer after the transfer, the new employer must ask the old employer to provide them with the employee’s records. • The old employer must give the records to the new employer. • These records are then required to be retained in line with the record keeping obligations under the Fair Work Act 2009. To find out more click here

The above article was sent to subscribers in Pharmacy Daily's issue from 04 Jun 13
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Pharmacy Daily | Sale of Pharmacy

Sale of Pharmacy

Other recent headlines

PD breaking news – Queensland pharmacies scope of practice pilot expanded

Commbank to help navigate ownership

Littleproud visits Orana Mall

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES