Posted by Elizabeth Gore-Jones
on 6 October 2022
The ACCC issued Jims Group Pty Ltd with two infringement notices for alleged contraventions of the Franchising Code of Conduct.
The Franchisor has paid $24,420 in penalties.
The ACCC have today issued a media release relating to these infringements.
As a reminder of your obligations especially during our current disclosure update period you should be aware that the following infringements were alleged:
Significant understatement of number of former franchisees wi...
Posted by Elizabeth Gore-Jones
on 26 September 2022
We have been examining situations in which Franchisors may incur a $10,000,000 penalty or similar for a breach of the Franchising Code of Conduct.
The Franchisor may also incur these penalties in the following situations:
1. There is a change in the majority ownership or control of the Franchisor, an associate of the Franchisor, or the Franchise System.
2. Proceedings are commenced by a public agency, judgement...
Posted by Elizabeth Gore-Jones
on 19 September 2022
You will recall that we examined a Franchisor’s potential $10,000,000 penalty for a failure to disclose changes to a Franchisor’s Intellectual Property within 14 days of the change occurring.
There are number of situations in which a Franchisor may incur such a penalty if it fails to disclose materially relevant facts within 14 days of occurrence.
Another situation of which Franchisors may not be aware includes interim updates of Financial Statements or Aud...
