Tag Archives: Regtech

Franchisors must prove they have wage fraud under control

A series of government investigations and penalties surrounding systemic wage fraud within the Australian franchise sectors has put the onus on franchisors to prove they have wage fraud under control, or else suffer the wrath of investors, shareholders and the regulator. The situation has become so bad that Australia’s largest petrol retailer Caltex is getting […]

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Regulatory burden increases for Australian franchisors; but Regtech may hold the answer

Recent amendments to the Australian Fair Work Act 2009 now make franchisors responsible for the underpayment of wages by their franchisees. Included in the amendments are new higher penalties for serious contraventions of the Act, with an increase in penalties of up to 10 times higher. For example, penalties for companies will rise from $54,000 […]

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