The Federal Court has declared Mailpost founder Peter Kritas and the NSW master franchisor Mailpost Postie Network Pty Ltd (MPNS) guilty of breaching the Franchising Code of Conduct by misleading Mailpost franchisees.
Legal proceedings initiated in December 2009 by the Australian Competition and Consumer Commission were halted when Mailpost Australia Ltd (MPA) was put into liquidation in February 2010.
Following the ACCC’s action, the Federal Court has declared by consent that MPNS failed to provide and obtain all necessary franchising documentation to/from prospective Mailpost franchisees, as required under the Franchising Code, with Peter Kritas’ knowledge.