Last week the Federal Court, in a proceeding brought by the ACCC, imposed a $2,604,000 penalty against Ultra Tune for contravening the Code and the ACL. These were the first proceedings brought against a franchisor alleging a breach of the Franchising Code obligation to act in “good faith” in business dealings with franchisees by the ACCC.
1 January 2018 saw the introduction of a residential land tax to homes in inner and middle Melbourne that were vacant for more than six months in the preceding calendar year.
All too often in our business, we come across cases of shareholder conflict. It is particularly the case where two friends or associates build a business together as equal shareholders in a company and later find themselves in a conflict situation. For the sake of all stakeholders, it is critical to into a shareholders’ agreement that deals with situations that could result in conflicts.
A recent case demonstrates the Fair Work Ombudsman’s commitment and willingness to protect vulnerable, exploited employees by holding not only businesses accountable for contraventions of the Fair Work Act 2009 but also external advisors who are involved in the contravention. If an advisor is found to be involved in a contravention of the Act, they will be found to have accessorial liability, and significant penalties can be imposed on them.