The PBL Key 5 tips and traps for business using Social Media in Advertising!

3 min read

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A business which fails to use social media of one kind or another (and some say as many as possible) is risking extermination and extinction these days.

Many businesses in Australia have embraced social media whether it be You Tube, Linked In, Twitter, Facebook or some other electronic way of getting your message across to your potential clients.

However, it is important to keep in mind that this form of communication comes with certain important consequences.

  1. Misleading and deceptive conduct
    Just like any other form of communication to members of the public it is important not to make misleading or deceptive comments or comments likely to mislead or deceive. If you do so, you’ll fall foul of the Australian Consumer Law embodied in the Competition and Consumer Act 2010 (section 18). In a recent case a clothing designer posting comments on her Facebook page about a well-known swimwear clothing company was found by the Federal Court to be misleading and deceptive and where the disgruntled company was awarded $25,000 in damages plus costs (Seafolly Pty Ltd v Madden 2012 FCA 1346). Accordingly “look before you leap”. In this day of fast Internet connection and instantaneous communication it is a fundamental rule that you need to think carefully before you post a comment on social media particularly about a competitor or any company or individual in business.
  2. Advertising standards
    In a recent decision the Advertising Standards Board found that Facebook pages are advertising. As such they need to comply with certain standards and codes just as if they were advertisements posted on television and radio or some other medium. Accordingly, all relevant social media pages that are effectively “advertising” your products or services will need to be monitored to ensure they meet the standards. For example, if an advertisement is in poor taste, sexist, racist or otherwise defamatory then it may be actionable by relevant disgruntled stakeholders at great cost to the business.
  3. Publicly listed companies and the ASX
    It is important to ensure that any information being released about a publicly listed company is accurate and does not have a deleterious effect on its share price. This does not only mean information being disseminated by the company and its employees but also by third parties. Recently a coal company was required to respond to fraudulent media releases indicating that it had defaulted on its loan facility which had spooked investors and contributed to a significant downturn in the share price. Businesses need to be aware that under ASX listing rule 3.1B companies are required to provide information on request by the ASX where there is likely to be a false market in the company’s securities.
  4. The renegade employee
    Given that much trade and business is conducted via social media these days in a significant number of businesses it is important to put into place strong and effective internal policies and educational programs to deal with social media. It is essential that the policy is both implemented and training be provided to avoid any uncertainty. At least if this is in place the renegade employee who actively seeks to undermine a business can be quickly brought to account.
  5. Being proactive
    Given that a rogue competitor or employee can have a significant adverse impact by using social media to undermine a business, it is essential that you not only monitor your social media pages but also that you are proactive in responding to false and misleading or deceptive claims being made about your business. This may mean taking legal action in some cases which can be expensive. Another way of dealing with it is to proactively respond to false misleading or deceptive claims so that your customers and clients can immediately see that you’re doing something about it and are doing so with without delay.

As social media dissemination is becoming increasingly important to business it is important to ensure that you have the right advice and you may wish to contact us on 4305 3500

 

 

If you need help in buying a business please contact us on 4305 3500[/vc_column_text][/vc_column][/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” width=”1/1″ tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][recent_posts style=”default” category=”all” columns=”4″ posts_per_page=”4″][/vc_column][/vc_row]

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PBLTeam

Director Lawyer, PBL Law Group

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Jye Hall
Anita Bradley has been an absolute dream to deal with. Anita's conveyancing skills and knowledge knows absolutely no boundaries along with her effective communication skills which has made selling and buying a completely stress free exchange for us. We recommend PBL Law to everyone looking for outstanding service. We will definitely be returning clients.
Kushlan Aluwihare
PBL Law Group were fantastic. Anita from PBL worked with us closely during our property search and made the exchange and settlement process smooth and stress free. Highly recommended.
Gail Whitford
PBL handled my late mothers estate, they were very obliging and patient with any and all questions that we had, thank you to David , Sharon and the other staff that we dealt with, everyone was so easy to talk to and friendly .David came to the home where my Mother was living and helped her to get her will in order, Sharon helped us through the process of executing her wishes when the time came even doing a house call which was so much easier, thank you all so much
S M
I have experienced an excellent service from PBL (especially from Anita) during the sale of my recent property on Central Coast, and during the purchase of our current property in Sydney. Throughout many challengers, especially with the sale, Anita presented her very professional and knowledgeable conveyancer, positively solving all obstacles. "Above and Beyond" Award going to Anita!!! :-)
Amanda Reitzin
The five-star reviews are well-deserved. I needed a motion and a bylaw drawn up for urgent repairs of my strata unit and the AGM was in two weeks' time. My solicitor was friendly, efficient, knew what documents to ask for, and had all the paperwork prepared well within the timeframe. She also took the time to run through all the legalese and the different possible scenarios with me to make sure I understood. I am so glad to have found this firm and I will not hesitate to use their services again in future if the need arises.
Ricky Cooper
Anita is amazing! So attentive, approachable and communicates everything every step of the way. I have now bought and sold property with Anita and I cannot recommend her highly enough.
Ron Thomsen
Our Commercial Property conveyancing was handled very professionally. Anita’s experience and responsiveness was an asset in this transaction.
Trace M
I am so grateful for Anita Bradley from PBL Law Group helped me with this property settlement, she has went above beyond to ensure I understand everything because of our deafness. I will recommended Anita or their team. Thank you so much for all the hard work you have done for us.
Tricia Wheatstone
For almost 18 months I have been a client of Alex Ilkin. Alex is very knowledgeable and professional and has consistently provided me with thorough, honest and well set out advice, including steering my case through appeal proceedings. He always worked for my best interests with integrity and compassion. I recommend Alex and his team at PBL.