The Australian franchise industry is set for a whole-of-sector overhaul in the wake of the Fairness in Franchising Report, released by the Parliamentary Joint Committee on Corporations and Financial Services. With over 70 recommendations covering significant reforms such as expanded Franchising Code requirements, broader franchisor disclosure requirements, increased penalties and greater powers for regulatory enforcement, the compliance landscape will significantly change if these recommendations are adopted.
We have advised extensively across a multitude of industries on all aspects of the franchising lifecycle from establishment, acquisitions and operations through to disposals and disputes. We have guided our international and domestic franchising clients through Australian regulatory reforms as they have evolved, ensuring that their franchise systems, processes and documentation are robust and fully compliant.
We document and advise on arrangements for clients such as BP, Australia Post, Aspen, Danone, Gaming Technologies Association, NAB, Hocking Stuart, Muffin Break, Jamaica Blue, Forty Winks, Triumph Motorcycles and Piaggio Motorcycles, as well as international franchisors contemplating entry into the Australian market.