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Australian company faces penalty for breaching franchising code, regulator says

( March 30, 2026, 06:31 GMT | Official Statement) -- MLex Summary: Luxottica Franchising Australia, which trades as eyewear retailers OPSM and Laubman & Pank, has paid a penalty of A$19,800 ($13,600) for breaching the Australian Franchising Code, the competition watchdog said. In a statement on Monday, the Australian Competition & Consumer Commission said Luxottica allegedly breached the Franchising Code of Conduct by “failing to maintain an up-to-date profile on the Franchise Disclosure Register.” The regulator said that the failure to update the register compromises transparency and may mislead prospective franchisees.Statement follows....

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