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ARTICLE · 22 MAY 2014

Franchising Code changes include strong financial penalties for non-compliance

Madgwicks
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The new Code embodies most of the existing Code with the new changes, but is completely reformatted and renumbered.

AustraliaCorporate/Commercial Law
Ed Browne
Ed Browne
Chris Verebes
Chris Verebes

A draft of the proposed revised new look Franchising Code of Conduct has just been released by the government.

An Exposure Draft of the revised Code was released by the government on 1 April 2014 together with a media release titled "The Future Of Franchising" issued by the Federal Small Business Minister, Bruce Bilson.

The release of the Exposure Draft follows the review of the Code conducted by Alan Wein in 2013, the 24 June 2013 release of the then Government's official response to the 18 recommendations made by the Wein Report and a period of further consultation. "The Future of Franchising" statement identifies 4 key areas that the government has focused on in producing the changes:

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