Catchwords:

CORPORATIONS – whether the appellant contravened cl 15(1)(b) of the Franchising Code (Schedule 1 to the Competition and Consumer (Industry Codes – Franchising) Regulation 2014) – ambiguity in cl 15(1)(b) – whether the disclosure documents provided sufficient detail regarding expenditure – no error found in appellant’s contravention of cl 15(1)(b)

PENALTY – appeal against penalty – number of contraventions – course of conduct and grouping of contraventions– totality – seriousness of contraventions – penalty reduced