Date: Tuesday, 23 July
Time: 12.30pm (AEST) / 12.00pm start (ACST) start
2.00pm end (AEST) / 1.30pm end (ACST) end
CPD: 1 point
The franchising sector contributes billions to the Australian economy and provides jobs for thousands of Australians.
In the wake of The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry and the recent release of the Report by the Parliamentary Joint Committee on Corporations and Financial Services following its inquiry into operation and effectiveness of the Franchising Code of Conduct, substantial reform is expected in the franchising sector, which will impact on the sector itself, as well as the businesses that rely on it.
The Committee which produced the recent Report into franchising, the ACCC and the media are all calling for reform to the franchising regulations and powers of the ACCC and other regulators to pursue franchisors for exploitative behaviour.