Franchising Code - extra disclosure!

• the Government has accepted that franchisors must give greater disclosure
• the Government intends to remove exemptions which currently exist to ensure that all franchise systems in Australia are governed by the Code’s disclosure requirements
• the Trade Practices Act will also be amended to add further factors which the Court may consider to determine whether a franchisor has acted unconscionably.

Some of the significant changes which will affect franchisors are:

APPLICATION OF CODE

(a) Thomson Playford Cutlers works with franchisors as a strategic partner to improve overall network performance. We manage compliance issues and address the legal considerations that contribute to franchise network efficiency, profitability and expansion.