51Repayments by franchisor after termination by franchisee

51 Repayments by franchisor after termination by franchisee

(1) If a franchisee terminates a franchise agreement under subsection 50(1), (3) or (4), the franchisor must, within 14 days, repay all payments (whether of money or of other valuable consideration) made by the franchisee to the franchisor connected with the agreement, less any amount that may be deducted under subsection (2).

Civil penalty: 600 penalty units.

(2) The franchisor may deduct an amount equal to the franchisor’s reasonable expenses relating to the termination if those expenses or their method of calculation are set out in the agreement.