Week in brief July 10 2012

Category: News

All the smaller business-related news to emerge this week, including: Brumby’s carbon price hiking blunder a carbon price claim warning; ASIC launches insolvency website; and more.


It’s only been a week and a bit since the Carbon Tax was introduced and the issue of carbon price hiking has already made headlines in the mainstream media with popular bakery franchise Brumby's getting dragged through the mud after it was revealed its MD Deane Priest circulated an internal memo suggesting franchisees increase prices during June and July and, “let the carbon tax take the blame”. The gaffe cost Priest his job, and the ABC reports that Brumby’s has since moved onto the defensive, taking out print advertisements and engaging a social media expert to respond to customer concerns. The Federal Government has also chimed in with a warning that businesses face fines of up to $1.1 million if they make misleading claims about price impacts. For tips on avoiding such missteps, keep a close eye on this ACCC website.


The Australian Securities and Investments Commission (ASIC) has launched a new website through which notices on insolvency and other matters will now be published. The publication of corporate insolvency notices on a single, publicly available website will benefit creditors of companies in external administration by making it easier for them to access information. The stand-alone website provides a single point for searching almost all notices on external administration and company deregistration, formerly advertised in the print media. The website, which can be found at www.insolvencynotices.asic.gov.au is expected to replace 53,000 newspaper advertisements over the next four years.

BaguetteExpressLG
If you’re looking for a new franchise to invest in, you might be keen to know that Baguette Express, a fast growing franchise business with 70 stores in the UK that promotes “fresh healthier food”, is looking to set up shop in Australia. Formed by brothers Billy and Robin Stenhouse, Baguette Express claims to offer a range of takeaway and sit-in items with an emphasis on healthy eating and a low, easy to understand price structure. The Stenhouse brothers say they have received interest to open up Baguette Express franchises across Europe, the Middle East, Asia, Canada, Australia, New Zealand, South Africa and the US, and have employed International Franchise Consultants Platinum Wave to take their business model into the global marketplace. If you’re interested, you can start by This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

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