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.
| Tags: News |
Liability limited by a scheme approved under professional standards legislation
Brisbane Office Address: Clarence Chambers,
Level 10, 239 George St,
Brisbane QLD 4000
Phone: (07) 3180 0150
Gold Coast Office Address: Wyndham Corporate Centre
Level 9, 1 Corporate Court
Bundall QLD 4217
Phone: (07) 5529 8803
Fax: (07) 3041 4797
Central Post Office Box Address: P.O. Box 428
Oxenford, QLD 4217