The Federal Government has announced the formation of a review into the Franchising Code of Conduct, with Minister for Small Business, Brendan O’Connor, calling for submissions from the franchising sector.

 

"The franchising sector is an important part of Australia's economy," Mr O'Connor said.

 

"It comprises around 73 000 franchises, with an annual turnover of more than $130 billion and employs more than 400,000 people."

 

Mr O'Connor said the review would consider issues including:

  • Questions of good faith in franchising,
  • The rights of franchisees at the end of their franchise agreements including recognition for any contribution they have made to building the franchise, and
  • The operation of the Competition and the Consumer Act 2010 with respect to enforcing the code.

 

Further information about the review, including details of the 2008 and 2010 amendments to the Code, the discussion paper and the terms of reference is available fromwww.innovation.gov.au/SmallBusiness/CodesOfConduct