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The federal government appears to be listening to ongoing concerns in the franchise sector, using the budget to announce plans for a new mandatory franchise disclosure registry to help prospective franchisees access the information they need before signing up to a new franchise agreement.
The new registry comes amid a broader focus on dispute resolution for small and medium businesses in the 2021 federal budget, with the office of the Australian Small Business and Family Enterprise Ombudsman to also receive a funding boost.
The mandatory franchise disclosure registry will receive funding of $4.3 million over a four-year period, starting in 2021-22.
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Eloise Keating is the news editor of SmartCompany and Inc Australia. Prior to joining SmartCompany, Eloise was news editor at Books+Publishing, the trade press for the Australian book industry. Eloise has degrees in media and communications, marketing and business management, and political science. You can follow her on Twitter at @ellykeating.
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