Competition and Consumer Point-in-Time Service Updates
Wednesday 16 June 2021 @ 3.01 p.m.
The Competition and Consumer Point-in-Time Service has been updated to include the Competition and Consumer (Industry Codes—Franchising) Amendment (Fairness in Franchising) Regulations 2021 (Cth).
Competition and Consumer (Industry Codes—Franchising) Amendment (Fairness in Franchising) Regulations 2021
The purpose of these Regulations is to improve the fairness and transparency of the franchising sector. It furthers the overarching goal of the Competition and Consumer Act 2010 to enhance the welfare of Australians by promoting competition and fair trading in the franchising sector and providing for the protection of parties who wish to enter into franchise agreements.
These regulations amend the Competition and Consumer (Industry Codes—Franchising) Regulation 2014 to address:
- Dispute resolution and complaints handling;
- Pre-entry disclosure;
- Exit arrangements and termination provisions;
- Significant capital expenditure;
- Marketing funds;
- Passing on of a franchisor’s legal costs;
- Retrospective unilateral variation of franchise agreements;
- Leasing of premises;
- Restraints of trade; and
- New vehicle dealership agreements.
These amendments have been updated in the Point-in-Time Competition and Consumer Service current to 15 June 2021. (NB: Subscription required).