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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. ....
Date Time Justice for franchisee victims as Federal Court rules against Megasave The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has welcomed a Federal Court ruling that Megasave Couriers Australia Pty Ltd (Megasave) misled prospective franchisees. Ms Carnell applauded the ACCC for taking action against Megasave, following a number of franchisee complaints to the Ombudsman’s office. “I congratulate the ACCC for bringing proceedings against Megasave,” Ms Carnell says. “This action taken by the regulator has resulted in the Federal Court’s judgement that Megasave breached Australian Consumer Law as well as the disqualification of Megasave’s sole director Gary Bourne from managing a corporation for five years. ....
Some dealers will lose everything in Holden s exit from Australia, Senate inquiry hears MonMonday 1 updated ThuThursday 4 FebFebruary 2021 at 9:41am Holden s shock exit from the Australian market is under scrutiny with dealers saying they face financial devastation. ( Share Print text only Cancel A Senate inquiry into Holden s exit from Australia has been told of catastrophic flow-on effects with some car dealerships at risk of financial and personal ruin. Key points: One dealer says General Motors decision will be financially and personally crippling for some dealerships The ACCC is investigating claims dealers made significant investments in the months before GM s announcement The Senate s Education and Employment Committee has begun examining the impact of General Motors decision. ....