Minister for Small Business Julie Collins during Question Time in the House of Representatives at Parliament House in Canberra, Wednesday, March 29, 2023. Source: AAP Image/Mick Tsikas
The federal government will consider a new licensing scheme for the $135 billion franchise sector, after the competition watchdog argued the existing system contributes to power imbalances between franchisors and their small business franchisees.
Minister for Small Business Julie Collins on Tuesday released the government’s response to the Independent Review of the Franchising Code of Conduct, which was helmed by former Australian Competition and Consumer Commission (ACCC) deputy chair Michael Schaper.
That inquiry levelled 23 recommendations related to the Franchising Code of Conduct, which is due to ‘sunset’ in April 2025.
The Code of Conduct is generally sound and should be remade, Schaper found, while recommending key areas for improvement.
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