Posted by Elizabeth Gore-Jones
on 14 October 2022
Changes have been made to the Franchise Disclosure Register Portal.
The changes came into effect on 30 September 2022.
The only mandatory information relates to registration Business Details.
All other information on the portal is voluntary for now.
It would appear the legislature did not have the regulatory power to mandate the provision of further information.
Whilst action is being taken to remedy this position, it is not expected to be in place until Mid November 2022.
Franchisors a...
Posted by Elizabeth Gore-Jones
on 6 October 2022
The ACCC issued Jims Group Pty Ltd with two infringement notices for alleged contraventions of the Franchising Code of Conduct.
The Franchisor has paid $24,420 in penalties.
The ACCC have today issued a media release relating to these infringements.
As a reminder of your obligations especially during our current disclosure update period you should be aware that the following infringements were alleged:
Significant understatement of number of former franchisees wi...
Posted by Elizabeth Gore-Jones
on 26 September 2022
We have been examining situations in which Franchisors may incur a $10,000,000 penalty or similar for a breach of the Franchising Code of Conduct.
The Franchisor may also incur these penalties in the following situations:
1. There is a change in the majority ownership or control of the Franchisor, an associate of the Franchisor, or the Franchise System.
2. Proceedings are commenced by a public agency, judgement...
