What pharmacy owners need to know
If you own an existing pharmacy in Queensland, you must apply for a pharmacy business licence by 2 November 2026. You should also confirm that your ownership structure complies with the new rules.
Queensland’s new pharmacy licensing regime is now in effect, and the deadline is fast approaching. This article follows our earlier update, New legislation affecting pharmacy owners in Queensland.
When family and business intersect
For many pharmacy owners, succession is not just a commercial decision; it’s personal.
Many senior partners have spent decades building their pharmacy, investing time, reputation and money to support their family and community. When a child studies pharmacy and wants to join, it often seems like the perfect way to keep the family legacy alive.
But what if another pharmacist, such as a long-term employee or junior partner, is also hoping for an opportunity to become an owner?
This is where family dynamics and business realities come together, making careful planning and clear communication essential.
This October, Holman Hodge is opening its doors to ADL Fashion Week for an evening where business, creativity and couture come together.
Dress for Success – Where Business Meets Couture will transform the Holman Hodge workplace into a live couture editorial on Saturday, 10th October, as part of the 2026 ADL Fashion Week program.
The Federal Government has completed consultation on draft legislation proposing significant changes to the taxation of discretionary trusts. The consultation period closed on 18 September 2026, and the Government is considering feedback from industry groups, businesses and professional advisers before determining the final form of the legislation.
If enacted, the measures would represent a substantial change for many family groups, business owners and investors who use discretionary trusts for income distribution, asset protection and succession planning. However, the proposals remain in draft form and important details may change.
A significant shift in how trust distributions are viewed
On 10 June 2026, the High Court handed down its decision in Commissioner of Taxation v Bendel. This is a major development for family trusts and private business groups that use corporate beneficiaries as part of their structure.
