Thursday 30 May 2019
Ultra Tune to pay $2.6 million penalty
While the full judgment is not out yet, it promises to be a very interesting read given these comments by Justice Bromwich, quoted in the ACCC Media Release: “The cover up that Ultra Tune attempted reflects a significantly heightened need for deterrence, in relation to conduct that was already a most serious and fundamental breach of the Franchising Code in taking the deposit in the first place, reflecting as it does Ultra Tune’s attitude in relation to its contravening conduct,” Justice Bromwich said. “There must be no tolerance for manufacturing evidence to deceive a regulator, and even less when the deception is maintained in this Court.” Justice Bromwich also ordered Ultra Tune to pay the ACCC's costs on an indemnity costs.
https://www.accc.gov.au/media-release/ultra-tune-to-pay-26-million-penalty
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