Section 12
Section 16 of the principal Act is amended—
of Franchise (Amendment) Act 2012
Amendment ActIn forceProvision 12 of 27
Section 12
(a)
by substituting for subsection (1) the following subsection:
“(1) The franchisor shall, within six months from the end of each financial year of the franchise business, submit a report to the Registrar in the prescribed form.”;
8
(b)
in paragraph (3)(b), by substituting for the words “, prohibit or deny the sale or” the words “or cancel the approval of the”; and
(c)
by inserting after subsection (3) the following subsection:
“(4) Any person who fails to comply with this section commits an offence.”.