Document ID: chunk:federal_register_of_legislation:C2021A00139:clause:1_99aekf
Version: federal_register_of_legislation:C2021A00139
Segment Type: clause
Provision Reference: sch 1 cl 99AEKF
Character Range: 64242–65613

99AEKF  Stockholding disclosure requirements
 (1) The stockholding disclosure requirements for a brand of a pharmaceutical item are:
 (a) to provide information prescribed by the regulations in relation to the quantity of the brand of the pharmaceutical item kept in stock in Australia by the responsible person for the brand of the pharmaceutical item; and
 (b) to provide that information in the manner and form prescribed by the regulations; and
 (c) to provide that information at the times prescribed by the regulations.

When the stockholding disclosure requirements apply
 (2) If a brand of a pharmaceutical item is subject to the minimum stockholding requirement, the responsible person for the brand of the pharmaceutical item is required to comply with the stockholding disclosure requirements for the brand of the pharmaceutical item.

Offence for failing to comply with the stockholding disclosure requirements
 (3) A person commits an offence if:
 (a) the person is required to comply with the stockholding disclosure requirements for a brand of a pharmaceutical item; and
 (b) the person fails to comply with those requirements for the brand of the pharmaceutical item.
Penalty: 60 penalty units.
 (4) Subsection 4K(2) of the Crimes Act 1914, which creates daily or continuing offences, does not apply to an offence against subsection (3) of this section.