If you are a franchisor or a franchisee, it is important to note
that amendments were made to the Franchising Code of Conduct
("Code") on 1 June 2021. Most of these amendments will
apply to franchise agreements entered into, renewed or extended on
or after 1 July 2021, unless an exception applies.
Some of the changes which have been made to the Code are as
follows:
Pre-entry disclosure information
More information is required to be provided by a franchisor to
prospective franchisees before entering into a franchise agreement
(subject to the timeframes specified in the Code), such as:
- a key facts sheet (which is in addition to any disclosure
statement required to be provided to a prospective franchisee under
state or territory laws);
