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May 7, 2021
The competition and consumer watchdog is renewing calls for prospective franchisees to “do their homework” before taking on a franchise, after a nation-wide courier company was fined $1.9 million in penalties for misleading prospective franchisees.
In proceedings brought by the Australian Competition and Consumer Commission (ACCC), the Federal Court declared in March that Megasave Couriers Australia breached consumer law by making false or misleading representations to incoming franchisees.
Last month, the court ordered the company to pay $1.9 million in penalties, and director Gary Bourne to pay a penalty of $120,000.
Megasave admitted that, from September 2019 to July 2020, it promised potential franchisees guaranteed minimum weekly payments of about $2,000 and an annual income of $91,000.
Date Time
Megasave and Gary Bourne to pay penalties for misleading prospective franchisees
The Federal Court has ordered Megasave Couriers Australia Pty Ltd (Megasave) to pay $1.9 million in penalties for making false or misleading representations to prospective franchisees, in proceedings brought by the ACCC.
Megasave’s sole director Gary Bourne has also been ordered to pay a penalty of $120,000.
In March 2021, the Court declared by consent that Megasave made false or misleading representations to prospective franchisees about guaranteed minimum weekly payments and guaranteed annual income, and that its sole director Gary Bourne was knowingly concerned in the conduct.
“Conduct of this kind warrants strong deterrent penalties. Many Megasave franchisees lost substantial savings and endured significant distress,” ACCC Deputy Chair Mick Keogh said.
Україна вже втратила мільйон доларів за блокування китайських інвестицій в Мотор Січ - Мін юст наймає ukranews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ukranews.com Daily Mail and Mail on Sunday newspapers.
March 5, 2021
The Federal Court has found Australia-wide courier delivery franchisor Megasave Couriers misled franchisees with false guarantees of weekly payments and annual income.
In proceedings brought by the Australian Competition and Consumer Commission (ACCC), the Federal Court declared Megasave Couriers Australia breached consumer law by making false or misleading representations to incoming franchisees.
Megasave admitted, from September 2019 to July 2020, it promised potential franchisees guaranteed minimum weekly payments of about $2,000 and an annual income of $91,000.
However, the company was not paying its existing franchisees the promoted weekly payments, and it did not have the revenue to pay franchisees in line with its claims.