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The Franchise Centre shares valuable information on trade franchising trade practices

by The Franchise Centre
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The Franchise Centre outlines the legal requirements that may apply to owners franchising their business. The business advice provider says that from the 1st July 1998, the Federal Government has introduced a Mandatory Code of Practice. This code of practice is administered by the Australian Competition and Consumer Commission (ACCC). Investigations and breach in the code will be dealt by the ACCC in accordance with its enforcement policy and priorities.

The franchise consultants business will monitor and enforce this code of conduct and will investigate and deal with breaches of the code in accordance with its enforcement policy and priorities. The Franchise Centre therefore advises the potential franchisors to adhere to all requirements strictly.

The mandatory code calls for information from both the franchisor as well as franchisee. Accordin to the franchise consultants business, franchisors give a ‘Disclosure Statement’ which comprises of comprehensive background information on the personnel as well as a full list of franchisees. There are contact details and a financial statement for the past two years to be furnished. There is also a cooling off period of seven days given.

The Franchise Centre makes it franchising simple for franchisors as well as franchisees as it takes care of all the necessary documentation that is needed. The business advice provider established franchise systems for elite companies like AAP Telecommunications, Goodyear Tyre & Brake Centres, Duster Dollies, AT&T, Count Financial Services, Novus Windscreen Repairs, etc. 21.11.2007

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Suite 1a, Lvl 2

802 Pacific Hwy

Gordon

NSW 2072

Tel: 02 9844 5428

Fax: 02 9844 5445

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