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
|Tags: Business News Franchisee Franchisor 2015 Code Changes|
Liability limited by a scheme approved under professional standards legislation
Brisbane Office Address: Clarence Chambers,
Level 10, 239 George St,
Queensland, Australia, 4000
Phone: (07) 3180 0150
Gold Coast Office Address: PO Box 428,
Queensland, Australia, 4210
Phone: (07) 5529 8803