Minister for Employment, Workforce, Skills, Small and Family Business Stuart Robert, Source: AAP/Mick Tsikas.
The federal government has released plans to improve transparency in the $180 billion franchising sector that’s often plagued with disputes between franchisees and franchisors.
The draft amendments, which were announced as part of the May 2021 budget, will see the establishment of a new disclosure register if they pass Parliament.
Treasury is leading the consultation, allowing the public to provide feedback about the proposal until the end of October.
The proposed changes to the Franchising Code of Conduct include creating a register that will act like a portal where franchisors are legally required to upload information for prospective franchisees to access.
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