Government begins consultation of code review
The government has released a consultation paper in response to the Franchising Code of Conduct review handed down by Alan Wein in April.
The consultation paper touches on the recommendations Wein outlined in the review and it addresses options for the implementation of code changes based on these recommendations.
It also assesses the potential impact of such changes on the franchising industry.
The government is seeking input from members of the franchising industry, who are encouraged to read the paper and submit their comments and opinions accordingly.
According to a media release on the Franchise Council of Australia's (FCA) website, Gary Grey MP, Minister for Small Business said "this consultation reflects the Government’s commitment to providing certainty and confidence in the franchising sector.
“The consultation paper seeks to identify the regulatory impact to the franchise sector of implementing the review recommendation but does not reflect a settled government position," he added.
Grey went on to note the government seeks to support, and values, the $131 billion franchising industry. “The government wants the sector to grow and develop as an essential part of our economy."
If you would like to read the government's consultation paper and submit your comments, visit the Department of Industry, Innovation, Climate Change, Research and Tertiary Education website.
The Franchise Council of Australia (FCA) will be heavily involved in the consultation process and the body has already submitted its brief, which can be accessed here.