Western Australian Consolidated Acts

REAL ESTATE AND BUSINESS AGENTS ACT 1978 - SECT 56

56 .         Franchising agreements

        (1)         A licensee shall not carry on business pursuant to a franchising agreement unless he has the approval of the Board to do so, and where he does so without such approval each party to the agreement commits an offence.

        Penalty: $10 000.

        (2)         Approval of the Board for a licensee to carry on business pursuant to a franchising agreement may be subject to such conditions as the Board sees fit to impose, and where those conditions are not complied with each party to the agreement commits an offence.

        Penalty: $10 000.

        (3)         Where a licensee carries on business pursuant to a franchising agreement — 

            (a)         each party to the agreement is liable to penalties imposed for failure to comply with the provisions of Part VI; and

            (b)         all the parties to the agreement are jointly and severally liable for any defalcation of the licensee.

        [Section 56 amended by No. 43 of 1994 s. 11.]