Posted by Elizabeth Gore-Jones
on 8 May 2017
Domino's has the dubious honour of being the first company to pay penalties for failure to comply with the Franchising Code of Conduct ( the "Code").
Domino's has paid $18,000 in penalties because the ACCC issued infringement notices because it believed they had failed to provide franchisees with an annual marketing fund financial statement and an auditor's report within the time limits prescribed under the Code.
Domino's provided the statement and report in late February 2017 which was outside the time limits required under the Code.
This infringement relates to the operation of the marketing fund.
If you do not have a marketing fund you still run the risk of fines if you do not comply with the requirements under the Code.
If you do not know your requirements, we can prepare you a checklist with dates to diarise to help to avoid penalties and fines.
*Based on ACCC Media Release dated 8 May, 2017 MR 62/17
Author:Elizabeth Gore-JonesAbout: Elizabeth specialises in franchising law. She lectures at Bond University PLA in franchising, she sits on the Queensland Law Society Franchising Committee, she is a past member of the Women in Franchising committee and a past member of the Franchise Council of Australia.
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