Minister for Employment, Workforce, Skills, Small and Family Business Stuart Robert, Source: AAP/Mick Tsikas.
Businesses that are found to have breached the Franchising Code of Conduct now face potential fines of up to $10 million, as part of continued efforts to stamp out the mistreatment of smaller franchisees by large franchisors.
The federal government revealed on Friday that the maximum civil penalty for breaches of certain provisions of the franchising code, including provisions related to the automotive sector, have now increased to $10 million, or three times the benefit gained or 10% of annual turnover, for corporate bodies.
For unincorporated bodies, the maximum penalty in these cases will increase to $500,000, while for some other provisions, the penalties have been doubled, to $133,200.
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