The competition watchdog has had its first major win enforcing a new franchising code of conduct, with the Federal Court today fining Pastacup franchisor Morild and co-founder Stuart Bernstein $150,000 for a failure to disclose he had been a director of two insolvent entities.

Franchisor Morild will pay a $100,000 penalty for the infraction, while Mr Bernstein was fined $50,000.

The case was the first time the Australian Competition and Consumer Commission sought penalties for a breach of the 2015 Franchising Code of Conduct.

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