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Shock $23m fine for failed Coast company

  The founder and former managing director of Jump Swim, Ian Michael Campbell, was also ordered by the Court to pay $500,000 in compensation to franchisees, and to pay a penalty of $400,000. Jump Swim offered learn-to-swim school franchises for sale between March 2016 and July 2019. The Federal Court declared, by consent, that Jump Swim falsely represented to 174 franchisees that they would have an operational swim school within 12 months of signing a franchise agreement. Most of those franchisees never received an operational swim school. The court also found Jump Swim accepted payments from 127 franchisees when it knew it was unlikely to be able to provide a franchise within 12 months, or within a reasonable period of time.

ACCC to scrutinise dairy code compliance as 1 June deadline approaches

Date Time ACCC to scrutinise dairy code compliance as 1 June deadline approaches The ACCC is urging dairy farmers and processors to be aware of their rights and obligations under the Dairy Code of Conduct ahead of the 1 June deadline for publishing next financial year’s milk supply agreements. The mandatory code requires most dairy processors to publish standard form milk supply agreements to cover all the circumstances in which they intend to purchase milk in the coming financial year on their websites by 2pm on 1 June. This allows farmers to compare processors’ minimum prices and contract terms. Dairy processors must also publish by 1 June a report that details information about disputes connected to their milk supply agreements that were subject to mediation or arbitration in the 12 months to 30 April. Importantly, processors whose milk supply agreements were not subject to disputes must still meet this reporting obligation.

ACCC urges dairy code compliance as deadline looms

ACCC urges dairy code compliance as deadline looms The Australian Competition and Consumer Commission (ACCC) is urging dairy farmers and processors to be aware of their rights and obligations under the Dairy Code of Conduct ahead of the approaching June 1 deadline for publishing next financial year’s milk supply agreements. The mandatory code requires most dairy processors to publish standard form milk supply agreements to cover all the circumstances in which they intend to purchase milk in the coming financial year on their websites by 2pm on June 1. This allows farmers to compare processors’ minimum prices and contract terms. By the same date, dairy processors must also publish a report detailing information about disputes connected to their milk supply agreements that were subject to mediation or arbitration in the 12 months to April 30. Processors whose milk supply agreements were not subject to disputes must still meet this reporting obligation

ACCC urges prospective franchisees to do their homework

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.

Caravan manufacturer Jayco fined $75,000 for failing to offer refund on faulty product

Caravan manufacturer Jayco fined $75,000 for failing to offer refund on faulty product May 4, 2021 Caravan manufacturer Jayco has been fined $75,000 for breaching consumer law after it offered to repair a customer’s faulty vehicle instead of issuing a full refund, a court has found. In a judgement handed down on Monday, the Federal Court found Jayco Corp breached consumer law by engaging in misleading conduct, and by misleading a customer about their consumer guarantee rights. A Jayco representative declined to provide one customer with a full refund or replacement of a faulty vehicle they had purchased. Instead, the representative offered to repair the vehicle under the terms of a warranty.

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