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.
Liability limited by a scheme approved under professional standards legislation
Brisbane Office Address: Level 36, Riparian Plaza,
71 Eagle Street, Brisbane,
Queensland, Australia, 4001
Phone: (07) 3087 3493
Gold Coast Office Address: PO Box 428,
Queensland, Australia, 4210
Phone: (07) 5529 8803