The Federal Government is reminding Australian SME business people with an interest in the franchise sector that submissions on the proposed changes to improve the Franchising Code of Conduct close tomorrow.
As previously reported on www.mybusiness.com.au, earlier this month the Federal Government released its Future of Franchising statement, along with an exposure draft bill and regulations which outlined changes to the Code that the government suggested will save the sector $8.6 million in red-tape.
The proposed changes build on a review of the Code carried out by Alan Wein last year. The proposed changes include the introduction of penalties for breaches of the code to protect small business owners.
The government said draft changes balance the needs of franchisors and franchisees and the unique nature of the relationship between the two.