Brisbane office (07) 3180 0150
Gold Coast office (07) 5529 8803
Home >  Blog >  New Penalty if Fail to Give Disclosure Document

New Penalty if Fail to Give Disclosure Document

Posted on 19 November 2014

The new Franchising Code of Conduct provides that a franchisor must give a franchisee a copy of the disclosure document within 14 days of a written request by the franchisee.

That is nothing new and a similar clause is contained in the current Franchising Code of Conduct.

However, the new Code provides for a penalty of up to 300 penalty units if the franchisor does not comply with the request on time.

That is a potential penalty of up to $51,000!

Franchisors be warned, you must have your staff trained and up to date on the changes to the Code and a failure to do so may mean a request sits on a staff member's desk unactioned and you get a penalty.

 

Tags: News

latest news

Potential ACCC Relaxtion in the Time of Covid-19

Mar 29 2020
The focus of the law can change so quickly in a crisis. The ACCC released a press release on 27 March 2020 which reflected just that. Whilst we are far from a lawless nation, these relaxations are sensible and will hopefully help to save bus...

Quick Question?

Liability limited by a scheme approved under professional standards legislation

Brisbane Office Address: Clarence Chambers,
Level 10, 239 George St,
Brisbane QLD 4000

Gold Coast Office Address: Wyndham Corporate Centre
Level 9, 1 Corporate Court
Bundall QLD 4217

Central Post Office Box Address: P.O. Box 428
Oxenford, QLD 4217