The franchisor Jump Loops Pty Ltd (in liquidation) (Jump Swim) has been ordered to pay penalties of $23 million for making false or misleading representations and wrongly accepting payments from franchisees, in proceedings brought by the ACCC.
Jump Swim offered Jump Swim branded learn-to-swim school franchises for sale between March 2016 and July 2019.
The Federal Court declared, by consent, that Jump Swim falsely represented to 174 franchisees that they would have an operational swim school within 12 months of signing a franchise agreement. Most of those franchisees never received an operational swim school.
It also declared, by consent, that Jump Swim accepted payments from 127 franchisees when Jump Swim knew, or ought to have kno…
Read the full article at: https://www.miragenews.com/jump-swim-ordered-to-pay-penalties-of-23-563332/
