logo
Receive the latest mybusiness news
SUBSCRIBE TO OUR NEWSLETTER
Copyright © 2020 MOMENTUMMEDIA

Submissions open for new franchise rules

James Mitchell
05 October 2021 1 minute readShare
Submissions open for new franchise rules

The Morrison government has released draft amendments to the Franchising Code of Conduct to support the establishment and operation of the Franchise Disclosure Register.

The draft amendments follow the 2021–22 budget commitment of $4.3 million for a new Franchise Disclosure Register to assist prospective franchisees to make an informed decision before entering a franchise agreement.

Minister for Employment Stuart Robert said the release of the proposed amendments is an important step, building on reforms to the Franchising Code of Conduct which took effect on 1 July this year.

“The franchising sector makes a valuable contribution to the Australian economy, and the Morrison government is committed to supporting the sector through increased transparency and accountability,” Minister Robert said.

“The local Australian franchising sector will always get a better deal under the Morrison government. We are getting on with improving the sector and continue listening closely to the thousands of local franchise businesses who need a hand.”

Under the proposed reforms, the register will be publicly available and free to access. Franchisors will be required to upload and publish information on the register by 31 October 2022, which will support franchisees to conduct due diligence and make informed business decisions.

The exposure draft legislation, explanatory statement and a supporting guide are available on the Treasury website. Interested parties are encouraged to review the draft amendments alongside the supporting guide, which outlines the register’s proposed features and consultation questions.

Stakeholders are invited to provide a submission in response to the draft amendments and consultation questions to This email address is being protected from spambots. You need JavaScript enabled to view it. by 29 October 2021.

Information on the reforms to the Franchising Code of Conduct that came into effect on 1 July can be found on the Treasury website.

Submissions open for new franchise rules
mybusiness logo
James Mitchell

Leave a Comment

Latest poll

How satisfied are you with the SME measures in the federal budget?