1970 to 1980
In 1974, the Federal Government abolished fees in tertiary institutions and took over full responsibility for funding post-secondary education.
The Swanston Street building and the original development at Parkville were funded by the Pharmaceutical Society through the generosity of its members, the pharmaceutical industry and various benefactors. A new laboratory block on the Parkville site, called the Manning Building, was opened in 1971. Although built from government funds, it was furnished and equipped by the Pharmaceutical Society of Victoria through an appeal to its members and the pharmaceutical and allied industries.
In accordance with government requirements, the college became an independent organisation in 1977. It became a company, limited by guarantee, the Victorian College of Pharmacy Ltd, and operated under the Companies Act. The academic activities of the college were governed by the Medical Act, the Pharmacists Act and the Victoria Institute of Colleges Act.