As from 1 January, 2015 the ACCC will have the power to issue infringement notices of $8,500 to franchisors and franchisees who breach the Franchising Code of Conduct.
The Courts will have the power to impose pecunary penalties of up to $51,000 for those breaches.
We are still waiting on the definite changes to the Code and Disclosure Document after the exposure draft was released earlier this year.
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