There is some debate about how much chemistry they *should* teach (surprisingly, people argue for both more AND less). However, the level of chemistry they actually teach is minimal, at least at Monash.
I've done every pharm unit we offer and a fair bit of personal reading as well. Basic concepts like ionisation, pH, bonding (ionic vs covalent, etc) and even mathematical things like dilution are around but are not omnipresent. Id wager even with 0 chemistry knowledge, you should be OK. That said, the fundamentals would be a great help as well.
The closest cousin of pharmacology is probably physiology (often even merged into the same major), followed by chunks of biochemistry then straight up chemistry last.
Knowledge of physiology will serve you much better than chemistry. There is often a fairly large overlap between the content of pharmacology and physiology courses. I know one helped me with the other at Monash. There is also a lot that doesn't overlap either and they are not essential partners.