INDEPENDENT NEWS

Pharmacy Guild authorisation application

Published: Fri 21 Dec 2001 02:38 PM
Pharmacy Guild authorisation application
Media Release
Issued 21 December 2001/136
Commerce Commission receives authorisation application from Pharmacy Guild
The Pharmacy Guild, on behalf of its 700+ members, has applied to the Commerce Commission for authorisation for it to enter into arrangements with the Ministry of Health, on behalf of the District Health Boards, or the DHBs themselves.
The arrangements involve the amount of money DHBs will provide to the Guild's community pharmacy members, and the prices those pharmacies can charge patients, in return for the provision of subsidised pharmacy services.
The Commerce Act prohibits competitors agreeing to work together in a way that reduces competition between them. This includes arrangements that have the purpose or effect of fixing prices.
However, the Act does allow for authorisation of potentially anti-competitive business practices if the public benefit is greater than the detriment to competition.
The Act sets no deadline for the Commission to consider authorisation of a potential anticompetitive practice. Public notices asking for submissions will be published shortly.
Public copies of the application are available from the Commerce Commission's Wellington Office, Level 7, Landcorp House, 101 Lambton Quay, or contact Catherine Best (04) 498-0953.
Background information
The Guild is the organisation that represents the interests of most retail pharmacies in New Zealand. It has been engaged, on behalf of its members, in negotiations with the Ministry of Health of a standard pharmacy services contract to replace existing arrangements. The Ministry of Health has been acting on behalf of the 21 DHBs in this matter. The negotiations involve the amount of money DHBs will pay community pharmacy members on behalf of patients by means of the Patient Pharmacy Benefit Subsidy, in return for providing services, or arranging the provision of services.
ENDS

Next in Business, Science, and Tech

Housing boom could get worse, economist warns
By: RNZ
Westpac NZ Sets Out Plan To Go Cheque-free
By: Westpac
Major New Zealand Upgrade Programme Projects Go To Tender
By: NZTA
Reserve Bank Seeks To Preserve Benefits Of Cash
By: Reserve Bank
Double-dip recession next year, but housing rolls on
By: RNZ
Microsoft Expands “Highway To A Hundred Unicorns” Initiative To Support Startups In Asia Pacific
By: Microsoft New Zealand
NZ Small Business Recovery Continues In September
By: Xero
Businessman Eric Watson sentenced to a four-month jail term
By: RNZ
OECD Area Employment Rate Falls By 4.0 Percentage Points, To 64.6% In Second Quarter Of 2020
By: OECD
Spark Turns On 5G In Auckland And Offers A Glimpse Into The Future Of Smart Cities
By: Spark
Monthly Migration Remains Low
By: Statistics New Zealand
Proglacial Lakes Are Accelerating Glacier Ice Loss
By: University of Canterbury
PEST Analysis Of NZ Property Market Making Headway In COVID-19 Storm
By: Kalkine
Sharemarket Bounce And Buoyant Auckland Housing Market Reflected In ASB Investor Confidence Survey
By: ASB Bank
Affordability Suffers As House Price Juggernaut Moves On
By: Quotable Value New Zealand
View as: DESKTOP | MOBILE © Scoop Media