Download the Conflict of Interest Policy (7 pages PDF)
The Australian Pharmacy Council (APC) is committed to maintaining high ethical standards, honesty and transparency in everything that it does.
This policy provides for declaration of interests. It helps the APC to manage perceived, potential and actual conflicts of interest that may arise.
It applies to, but is not limited to, the APC Board Directors, members of Committees, Working Groups and Advisory Groups, and APC Evaluators.
The APC is committed to maintaining high ethical standards, honesty and transparency in everything that it does. The APC operates in an environment, and performs functions, where conflicts of interest may arise.
The APC recognises the complexities involved in the management of conflicts of interest, and seeks to ensure that its procedures are clear, executable and accessible. Conflicts of interest must be effectively managed to maintain the rigor and credibility of decisions made by the APC when performing its functions.
This policy applies to, but is not limited to, APC Directors and members of Committees/Panels APC Evaluators and other contributors to the work of the APC.
The Constitution of Australian Pharmacy Council Ltd (the Constitution) states that Directors and Committee/Panel members1 must obey the general law in respect of disclosure of conflicts of interest and comply with section 191 of the Corporations Act 2001 in respect of disclosure of material personal interests . It is the responsibility of all Directors, Committee/Panel members, evaluators and contributors to declare conflicts of interest in writing, and to disclose conflicts of interest within the agenda of a meeting of the Board, Committee/Panel or when undertaking an evaluation process or contributing to a piece of work for the APC.
It is the responsibility of the APC to maintain the appropriate register of interests for all Directors, Committee/Panel members, evaluators and contributors and to update the relevant register in accordance with the procedures described in this document. The APC also has a responsibility to record conflicts of interest disclosed as they arise in meetings as part of the formal minutes of the respective meeting.
1. Chief Executive Officer
2. Company Secretary, Executive and Secretariats •
3. Directors, Committee/Panel members, evaluators and contributors
(See Section 7.0 for supporting documents referred to in this Section).
Statements declaring conflicts of interest must be completed by each Director, Committee/Panel member, evaluator and contributor:
Where a Director is also a Committee/Panel member, or a Committee/Panel member serves on more than one Committee/Panel, separate statements are to be completed which are held and recorded on the respective registered by the secretariat for that group.
Separate registers of COIs will be maintained by each Secretariat responsible for the Board, Committee/Panel, evaluators and contributors.
Conflicts of interest pertaining to a meeting agenda must be disclosed prior to each Board and Committee/Panel meeting. Interests that relate to matters to be discussed or decided in a meeting (i.e. agenda items) must be disclosed in writing on the Meeting Potential Conflict of Interest Form included in the agenda papers for the meeting. The Board or Committee/Panel members will determine whether the disclosure is material or not. The minutes of the meeting must record the nature of the conflict of interest and how it was handled.
If the Board or Committee/Panel determines that a disclosed conflict is material, one of the following actions MUST be taken when the agenda item in question is reached:
It is important to note that a Director or member who merely declares a conflict of interest and does not participate in a decision or simply leaves the room may not be seen to have fulfilled their fiduciary duty. While it may not be appropriate to vote or speak in favour of a resolution in a matter where a Director or Committee/Panel member has a conflict of interest, they may still maintain a duty to disclose whatever information they may have that is relevant to the issue under consideration
Formal declaration and disclosure of conflicts of interest is made in writing, using the Annual Standing Declaration of Interest and Conflict of Interest Variation Form and the information provided is kept in soft copy format in the relevant Register of Interests.
An intentional breach of this policy constitutes a breach of the Director’s or Committee/Panel member’s Code of Conduct. The APC Board will be informed of breaches and will determine an appropriate course of action. Breaches of this policy may also constitute contravention of a civil penalty provision of the Corporations Act 2001 and may incur a pecuniary penalty.
The APC is bound by the Privacy Act 1988, and the Privacy Amendment Act 2012, which prescribe the treatment of personal information that is collected and retained by the APC.