Franchise update: major amendments to franchising code foreshadowed
The Australian government has released an exposure draft of the Competition and Consumer (Industry Codes-Franchising) Regulations 2014, which seeks to make major amendments to the Franchising Code of Conduct (‘Code’) and the relevant provisions in the Competition and Consumer Act 2010 (CCA).
Stakeholders are invited to comment on the draft bill and regulations by 30 April 2014, with the changes expected to take effect from 1 January 2015. The highlights of the amended regulations include:
Increased penalties and enforcement: a drastic enhancement of the enforcement tools available to the Australian Competition and Consumer Commission (ACCC), the active enforcement body of the CCA, to deal with serious breaches of the Code. The ACCC will now have power to seek civil pecuniary penalties of up to AUD51,000 (£28,000) from the court and issue infringement notices of up to AUD8,500 for a body corporate, without having to seek a court order…
Click on the link below to read the rest of the DLA Piper briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from DLA Piper
News from The Lawyer
Briefings from DLA Piper
The Australian Taxation Office released a draft ruling on the Goods and Services Tax treatment of bitcoin transactions on 20 August 2014.
DLA Piper’s ‘Life sciences: patent extension strategies and antitrust global update’ video covers global antitrust and competition issues including product hopping and reverse payment patents.
Analysis from The Lawyer
Cross-border work and political tensions are dominating this year’s entries for Finance Team of the Year at The Lawyer Awards.
Regulators are ramping up the pressure in the aftermath of recession, leaving firms to compete for compliance and restructuring work